Now in its fourth year, the Fair Pay Awards recognise companies that have fair and non-discriminatory pay policies for their employees. The winners were announced on the basis of the latest pay survey, which involved companies from all over Lithuania. Companies were judged on four main criteria, wit...
Top 10 companies of "Fair Pay 2020" awards were named during the yearly conference on September 15th. Companies paying the fairest wages were chosen based on this year's annual salary survey in which 330 organizations participated.
With Lithuania and the world hit hard by the coronavirus pandemic, wages in Lithuania rose for 70 percent of the population this year, however growth is half that of last year. Most organizations paid fewer bonuses, others froze base salaries, waived some additional benefits, and cut costs in other ways. Although in the context of the Baltic States, salaries in Lithuania did not rise the fastest this year, organizations here are the most optimistic - 9 out of 10 companies plan to increase salaries by an average of 4.1 percent next year.
There is a wide variety of indicators that are used to compare the level of the financial welfare of populations living in different countries, but they do not show the actual income that is required to live in average conditions. What are these necessary income levels?
After surveying 850 companies and examining changes in remuneration, we concluded the tendencies of the changes in the compensation levels through the Baltic countries. Are salaries still rising as quickly as previously predicted?
We unveiled which companies are paying the most equal wages to their employees, at the “Equal Pay 2018” awards. The winners were announced based on remuneration survey conducted this year.