HUMAN RESOURCE COMPENSATION IN TIME OF CRISIS

Claudiu George Bocean
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Claudiu George Bocean: University of Craiova

Management and Marketing Journal, 2012, vol. X, issue 2, 285-292

Abstract: 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.

Keywords: human resource; compensation; wages; Europe (search for similar items in EconPapers)
JEL-codes: M10 M12 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aio:manmar:v:x:y:2012:i:2:p:285-292

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