Human Resource Compensation In Time Of Crisis
Economic and financial crisis persists and is aggravated by poor rates of economic growth recorded in 2011 and 2012. Considerable decrease in production due to reduced exports and domestic demand compression generating new unemployment and lower earnings. This paper presents the impact of the crisis on average and minimum wages in the European Union and Euro zone. Using the International Monetary Fund (IMF) predictions on GDP, the paper tries to predict the future trends of wages in the European Union.
Volume (Year): X (2012)
Issue (Month): 2 (November)
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- Valentina Vasile, 2009. "Minimum Wage Institution In The Financial And Economic Crisis. Policies And Practices," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 2.
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