wages

In the third quarter of 2024 the hourly labour costs rose by 4.6% in the euro area and by 5.1% in the European Union (EU), compared with the same quarter of the previous year, reports Eurostat, the EU’s statistical office.

On Tuesday, 1 October, police officers held a march in Vilnius demanding for higher salaries and better working conditions.

The Government on Wednesday decided to raise the monthly minimum gross wage to EUR 1,038 and set the hourly minimum pay to EUR 6.35 from 2025, as proposed earlier by the Ministry of Social Security and Labour.

The company Figure Baltic Advisory has conducted a study of the labour market in information technology, which revealed that the average wage growth this year has been by 4.2% lower compared with 2023.

In June, the top three biggest employers offering the highest median pay remained the same as in May, while their median wages went slightly higher, Verslo žinios reports.

In 2023, gross earnings in the whole economy grew by 12.6% in Lithuania, the State Data Agency said Thursday.

In the fourth quarter of 2023, in the Capital Region, average gross monthly earnings in the whole economy (individual enterprises excluded) was EUR 2,319.5, an increase of 4.6% from a quarter before, the State Data Agency reports.

A 12% growth in the average wage over 2023 has paved the way for the same increase in the old-age pension, the social insurance fund Sodra said Thursday.

Nearly 60 percent of statutory officers are set for pay rises from 1 January, with the wage bill totalling more than EUR 500 million this year. This is almost half of the internal system’s budget, says the interior minister.

The conventional wisdom is that you should ask your manager for a pay raise every year. Yet fear of rejection can be enough of a reason to avoid raising the question. During a pandemic it seems even harder to think such a request would be welcomed.

Lithuanian employers' organizations say they will commit not to reduce wages during the crisis if the parliament approves President Gitanas Nauseda's initiative to cut the personal income tax rate to 15 percent, from 20 percent, and increase the non-taxable income threshold by 50 euros.

A part of workers of Stokrotka, a Polish supermarket chain owned by Maxima Grupe, the biggest retail chain in the Baltics, are demanding higher wages.

Social Security and Labor Minister Linas Kukuraitis' proposal to pay per diem allowances to long-haul truck drivers only if their taxable wages amount to at least two minimum monthly salaries is a compromise, Prime Minister Saulius Skvernelis said on Thursday.

How many employees receive a Christmas bonus (13th salary) and year-end bonuses? What is their average amount? Paylab took a detailed look at the standards and conventions in individual European countries where this international salary portal maintains a strong network of local salary portals, Payl...

Some Lithuanian businessmen are following the efforts of some Western European countries and Brussels to unify salaries for posted workers within the European Union (EU) with concern.

According to the German-Baltic Chamber of Commerce (AHK) economic survey 2017, Lithuania is one of the best locations in Central and Eastern Europe. Companies in Lithuania want to invest more and expect they will need more staff. However, increasing wage costs are expected. The scores for the fight ...