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3 NEWS 26.10.2023 THERE IS NO PROBLEM WITHOUT SOLUTION - PROFESSOR DAFFE Great Spiritualist in difficult and urgent cases about love, separation and family difficulties, work, drugs, etc.. Obtaining results is the most important thing in astrology, fasta and 100% guaranteed. Endowed with a power that helps to solve difficult problems that are serious such as depression, business justice, couples, impotence sexual, evil eye, luck, attracting a loved one, exams with full speed, if you want to have a new life, and put an end to everything that worries you, do not wait any longer. Contact PROFESSOR DAFFE, solved many problems throughout Europe with immediate results. +356 99 80 42 60 FROM PAGE 1 "e report covers 132 job categories including manage- ment, executive, clerical, and technical positions across di- verse companies. Most impor- tantly, the report's primary use is for management to align their compensation strategy with market trends and offerings in order to attract, retain, and mo- tivate employees." According to the annual re- port, based on four months of extensive research into com- pensation packages across various industries in Malta, employers have been offering competitive wages to attract and retain talent. "Employers seem willing to pay competitive wages to attract and retain talent especially when finding resources is more chal- lenging," explains Ms Bondin. "is rapid wage growth can cause inflationary pressure and trigger a cycle where rising wag- es push up production costs for businesses. is, in turn, leads to higher prices for goods and services, prompting workers to demand even higher wages, and businesses respond by raising prices again to cover their in- creased labour expenses." "Within this scenario, one would expect companies to cut down on expenses and re- cruiting however, every sector continues to experience a lack of available talent. is short- age has made organisations increase salary packages, offer more benefits and go to ex- traordinary lengths to offer flex- ibility and retain their employ- ees, which in turn is bolstering inflation," she added. In fact, the misco report high- lights how trends in employ- ment benefits have also evolved and whilst health insurance payouts decreased by 21%, car allowance benefits increased by 20%, life and personal accident benefits surged by 40% and communication benefits pay- outs saw a notable 19% increase. As with previous editions, misco's Salaries and Benefits Report also includes misco's annual Survey on HR Develop- ments in Malta, now in its 10th edition and conducted once again in partnership with the Malta Employers Association. "is report continues to showcase the evolution of the HR function in Malta and the insights it offers into the em- ployment landscape are helping HR practitioners and company leaders understand better the primary challenges and issues confronting businesses," added Ms Bondin. According to this report's findings, 75% of the survey par- ticipants noted that their busi- nesses are still grappling with the primary challenge of salary demands as well as other chal- lenges such as the scarcity of experienced and qualified per- sonnel and a lack of job appli- cations. "ese observations confirm trends observed in previous years, reaffirming that the pres- sure to retain staff remains a complex issue encompassing talent availability, compensa- tion, and the search for individ- uals possessing the necessary skills and qualifications." Interestingly, a notable change has been observed in the per- ceived primary strategic goals for the HR department with most organizations (75%) now perceiving the HR function as one that offers support to the broader leadership team in overseeing their workforce, rather than solely focusing on staff retention. e HR report also identified the primary challenges faced by HR departments namely es- tablishing a performance man- agement system (45%) and the perception that management still undervalues HR's poten- tial (42%). Interestingly, there's been a notable drop (19%) in mentions of resource shortag- es, indicating HR's growing role within organizations compared to the previous year. Notably, some organizations reported experiencing higher staff turnover (36%), prompting an increased reliance on foreign workers and improved com- pensation packages. e utili- zation of third-country nation- als in fact saw a surge in 2023, leading to a reduction in the re- cruitment of Maltese nationals compared to the previous year. Queries about this report may be sent to businessreports@ miscomalta.com Study shows sales and marketing had highest pay rises Enemalta Board appoints new Executive Chairman THE Board of Directors of Enemalta plc has approved the ap- pointment of Ing. Ryan Fava as the Company's new Executive Chairman. Ing. Fava, who has been serving as Enemalta's non-executive Chairman since 2022, will now also be heading the Company's Board of Management, as it continues the implementation of the national long-term electricity network reinforcement plan. "Enemalta has a promising future, as we consolidate our elec- tricity infrastructure to support Malta's decarbonisation objec- tives," the new Executive Chairman said, "we have important de- velopments ahead of us, including the introduction of offshore renewables as an important source of clean energy, increased investment in land-based renewables and grid-scale storage sys- tems, new electricity interconnections with other countries and the electrification of vessels at ports and road transport." "Enemalta is accelerating the upgrading of our electricity dis- tribution system to prepare for these milestones, and to continue improving the quality of our services. is commitment is the main objective of our Company for the next few years." Ing. Fava thanked outgoing Chief Executive Officer Jonathan Cardona for spearheading Enemalta's operations and infrastruc- tural projects during the last two years. Mr Cardona will be re- linquishing his post to embark on a new career opportunity fol- lowing a handover period in the coming weeks. An engineer by profession, Ing. Fava completed his studies at the University of Malta and Brunel University London, before serving in different engineering roles within the private sector. Ing. Ryan Fava, who has been serving as Enemalta's non-executive Chairman since 2022, will now also be heading the Company's Board of Management

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