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wage

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Bank of America Increases US Minimum Hourly Wage to $21 as Next Step to $25 by 2025

1 min read

The FINANCIAL — Bank of America announced it has raised its U.S. minimum hourly wage to $21 as a next step in the company’s plans to increase to $25 by 2025. In May, the company also announced that all of its U.S. vendors are now required to pay their employees dedicated to the bank, at or…

In 2019 average monthly salary of employed persons equaled to 1 161.7 GEL while women made up 864.7

1 min read

The FINANCIAL — National Statistics Office of Georgia published data of Activities of Enterprises in 2019. In the Year 2019 compared to the previous year the volume of business sector turnover increased by 25.9 percent and amounted to 109.0 billion GEL.  The total number of employed persons amounted to 702.0 thousands (year-on-year 3.3 percent higher). Trade…

UK employment rates hit a new record

2 mins read

The FINANCIAL — The number of people in work in the UK increased by 180,000 to 32.93 million in the quarter, as the number of people deemed economically inactive also shrank. Women were the main driver of the rise in employment. Weekly pay hit a new record high in December as Britain’s jobs boom continued,…