In a world that is in a constant state of flux, the narrative of salary trends and adjustments serves as a bellwether, signaling the health of economies, the ebb and flow of inflation, and the intricate dance between employers and employees in the quest for talent retention. From Belgium to Australia, the United States to Malta, salary adjustments are more than just figures on a paycheck; they are a reflection of socio-economic realities, shifting landscapes, and the indomitable human spirit seeking a fair shake.

In Belgium, half a million employees under the joint committee 200 (CP 200) are poised to see a salary increase of 1.49% in 2024, according to forecasts by HR service provider SD Worx. While the exact figure will only be known by the end of this year, the anticipated increase is a tangible result of automatic indexing linked to the rise in the cost of living. Jean-Luc Vannieuwenhuyse, a legal expert at SD Worx, sees this as a return to normalcy following the significant indexing of the previous year.

Source: bnn