Despite strong GDP growth, Guyana is experiencing high levels of labor migration as Guyanese seek better opportunities elsewhere in the Caribbean. This article looks at regional pay differences and other factors influencing the Guyana labor market.
The Nigerian Naira dropped almost 60% in value versus the US dollar in 2016. Should employers take special actions to increase salaries as a result? We think a market-based, cost-of-labor approach is still warranted.
Performance management is a mess. Critics suggest we should just throw in the towel and cut our losses. But the demise of performance appraisals is premature. A new approach is needed based on jobs, not objectives.
The recent devaluation of the Egyptian Pound of nearly 75% against the U.S. Dollar has employees clamoring for pay increases. Employers react cautiously, using a carefully defined, policy-driven approach.