Issue link: https://maltatoday.uberflip.com/i/1512791
2 NEWS 7.12.2023 CLAIRVOYANT Mr TOURE a Marabout clairvoyant medium healer and Exorcist with an exceptional gift. Specialising in disenchantment, voodoo protection against dangers, couple problems return of a loved one, impotence and sexual issues whatever the nature. Court cases. Tel: +35677484511 THE key finding indicates that salary demands continue to be the primary hurdle for compa- nies experiencing recruitment challenges, according to mis- co's most recent annual HR survey. At the same time, 36% of respondents said that staff turnover was higher than that experienced in recent years. To address the issue of staff retention, employ- ers are not only employing foreign workers but also increasing remuneration packages to match the re- muneration offered by their competitors. "Obviously, besides the in- crease in price inflation that we are currently experienc- ing, the increase in wages to retain people and attract talent are combined factors that are also leading to wage inflation," states Joanne Bondin, Director at misco. misco's annual Survey on HR Developments in Malta, now in its tenth edition has just been published in col- laboration with the Malta Employers Association. "e HR function contin- ues to be critical for busi- nesses in helping them manage employees, address staff retention and increas- ing salary demands. How- ever, despite the imminent emphasis on staff retention as the paramount objective for the upcoming twelve months, the broader man- agement team continues to show reluctance in assign- ing HR a more strategic role and remains resistant to embracing sound HR prac- tices," points out Joanne Bondin. "e report is also show- ing us how whilst the issue of salary demands is by far the key challenge for 75% of HR practitioners, fewer em- ployers are implementing family-friendly measures," she added. According to misco's re- port, 54% of HR practition- ers find the most difficulty in recruiting technical staff, an increase of six percentage points over 2022 followed by difficulties in finding middle management roles (23%) and junior management / supervisory roles (15%). Other interesting findings among HR practitioners: • 54% of respondents mentioned that the lack of job applications is pushing employers to offer higher remu- neration to retain their staff. • 49% of respondents said that there is a lack of experienced employees followed by 33% who said that there is a lack of qual- ified staff. • 67% of respondents in- vest in developing and communicating their employer brand. • 78% mostly use social media to attract talent. • 36% of respondents said that staff turnover was higher than that experienced in recent years, compared to 47% recorded in 2022, indicating higher re- tention. • 93% of respondents stated that employ- ees find on-the-job training as the most effective, followed by internal coaching and mentoring (53%) • Only 20% think that formal education courses are effective. • While 75% of respond- ents feel that salary de- mands are one of the main challenges, 59% of respondents stated that they are increas- ing their remuneration packages. • 65% stated that the most commonly of- fered benefits are the option to work part- time or on reduced hours and mobile te- lephony allowances and contracts. • Only 17% of HR prac- titioners reported an increase in the level of absences of staff due to sickness in the past twelve months com- pared to 41% in 2022, when the effects of the coronavirus were still being felt, was 41%. MISCO'S 10TH SURVEY ON HR DEVELOPMENTS IN MALTA Continued hesitation in granting HR a strategic role • Challenges to tackle talent retention persist • 49% lack experienced employees, 33% lack of qualified staff