Birches Group On-Site Visit to Harare, Zimbabwe

We are pleased to announce that Birches Group will be in Harare, Zimbabwe from July 15 to July 19, 2019!

On July 15, 2019, we will be conducting a round table meeting of leading employers in Zimbabwe to discuss compensation and benefits trends, practices, as well as findings from our Birches Group salary survey in Zimbabwe, which is updated three times annually. This event will be sponsored by Birches Group.

We will also be meeting with target employers in Harare during the week. For more information, please contact us.

This is a wonderful opportunity to meet with peers and share information about the challenges of human resources in Zimbabwe.

Birches Group On-Site Visit to Dili, Timor-Leste

We are pleased to announce that Birches Group will be in Dili, Timor-Leste from July 8 to July 12, 2019!

On July 9, 2019, we will be conducting a round table meeting of leading employers in Timor-Leste to discuss compensation and benefits trends, practices, as well as findings from our Birches Group salary survey in Timor-Leste, which is updated three times annually. This event will be sponsored by Birches Group.

We will also be meeting with target employers in Dili during the week. For more information, please contact us.

This is a wonderful opportunity to meet with peers and share information about the challenges of human resources in Timor-Leste.

Birches Group Announces Strategic Partnership with Caribbean HR Solutions (CHRS) in Jamaica

Birches Group, a global market consulting group that provides salary and compensation data to developing countries, is pleased to announce its strategic partnership with Caribbean HR Solutions based in Montego Bay, Jamaica. With over ten years of experience, Caribbean HR Solutions provides outsourced HR solutions such as recruiting, employment agency, payroll & benefits and HR consulting to its clients. Having clients from various sectors in the country, Caribbean HR Solutions provides practical Human Capital management for companies entering the Caribbean Service Center market ensuring they access the best talent available.

Under this partnership, Caribbean HR Solutions will co-sponsor Birches’ multi-sector survey and help promote survey participation to all their clients and other Jamaican entities. Together, both entities will also be exploring possible compensation management training events, webinars and other activities to provide professional development opportunities for HR practitioners in Jamaica.

In commenting on the partnership, Debra Fraser, CEO of Caribbean HR Solutions, said “We are excited to enter into this partnership with Birches Group. Being actively engaged in the HR industry for over 20 years, I believe that this partnership will provide Jamaican employers with competitive information to maintain their most valuable assets (employees). Over the years, Jamaica has been struggling with access to credible/specific data to make strategic employment decisions. We are pleased to partner with Birches Group as their solutions will move our clients and Jamaica in the direction of being a data-driven society.” 

Julienne Sayoc, Manager for Private Sector Business Development for Birches Group, added: “This collaboration with CHRS creates a mutually advantageous partnership that expands CHRS’ product and service portfolio while it allows Birches Group to increase and sustain its visibility and penetration in the market. Combining Birches Group’s expertise in compensation and benefits solutions with CHRS’ well established presence and cross-functional HR expertise will undoubtedly bring about synergies that will ultimately benefit our mutual clients.”

For more information about this partnership, or to learn more about Birches Group products and services, please contact us.

Download the press release here.

Birches Group On-Site Visit to Kathmandu, Nepal

We are pleased to announce that Birches Group will be in Kathmandu, Nepal from June 24 to June 28, 2019!

On June 24, 2019, at 9:30-11:30am at the Baber Mahal Vilas, we will be conducting a round table meeting of leading employers in Nepal to discuss compensation and benefits trends, practices, as well as findings from our Birches Group salary survey in Nepal, which is updated three times annually. This event will be co-sponsored by our strategic partner, Real Solutions.

We will also be meeting with target employers in Kathmandu during the week. For more information, please contact us.

This is a wonderful opportunity to meet with peers and share information about the challenges of human resources in Nepal.

Devaluation and Inflation in Argentina: The Need for Labor Market Data

Contrary to the positive outlook economists had after Argentina’s economic boom in 2017, the country has been struggling with financial volatility and continuous devaluation since the beginning of this year. January 2017 to October 2018 devaluation of the Peso currently stands at 161%.

 

Argentina’s inflation rate continues to remain high as well – 40.5% as of September 2018.  It is a common misconception that with continuous devaluation and rising inflation in a country, salary movement also follows at the same pace. In fact, this rarely happens. While some employers may use cost-of-living as a basis to adjust salaries to cope with rising inflation, Birches Group believes that cost-of-labor is the more reliable approach.

 

 

During Argentina’s economic boom in 2017, significant movement in salary was clearly seen for all employee groups. But once inflation started to rise continuously into 2018, a much slower movement in salary was recorded, demonstrating once again that salary does not move at the same pace as inflation.

 

 

According to the latest results from the Birches Group Multisector Compensation and Benefits Survey for Argentina, salary movement from October 2017 to October 2018 is trailing the rate of inflation recorded during the same period. The gap ranges between 50% to 60% depending on the category of jobs examined, as illustrated in the chart above. This reflects caution and sound management on the part of employers but could also generate requests for additional salary increases to meet employee expectations.

With the continuing economic turmoil in Argentina, a few employers have already reached out to us to find out how to best respond. Birches Group recommends that every employer in Argentina should have a Special Measures Policy in place that outlines the proactive steps they will take when unforeseen and uncontrollable events occur. A Special Measures Policy allows employers to act quickly and make informed decisions based on specific triggers and processes, while still adhering to a market-based approach to compensation. Most importantly, a policy provides clarity to both employees and managers. A key part of managing special measures is to keep apprised of market changes.

Together with a Special Measures Policy, employers also need a reliable source of market data. Birches Group publishes updated compensation and benefits survey data in Argentina three times a year, in April, July and October. Subscribers get access to all updates released during their subscription period, providing clients with current information on market movement when you need it.

Birches Group can also assist employers in developing their own Special Measures Policy, to help address not only high devaluation, but also inflation and other non-economic events such as natural disasters.

For more information, please contact us.

Birches Group Employer Visit in Colombia

We are pleased to announce that Birches Group will be in Bogota, Colombia from September 17-21, 2018.

This visit will feature presentations on Compensation and Benefits Trends in Colombia, as well as information about the Birches Group survey in Colombia, which is updated three times annually.

This is a wonderful opportunity to meet with peers and share information about the challenges of managing compensation and benefits in Colombia.

For more information, please contact us.

Birches Group Strategic Partnership with Human Resource Management Association of Barbados (HRMAB)

Birches Group is pleased to announce its newest strategic partnership with the Human Resource Management Association of Barbados (HRMAB) based in St Michael, Barbados. The HRMAB is the leading advocate of human resource management issues in the country since its establishment in 1996. With a membership of over 200 human resource professionals from various sectors in the country, the HRMAB holds the most extensive network of individuals knowledgeable in areas related to Industrial Relations, Labor Management, and Human Resource Development.

Under this partnership, the HRMAB will co-sponsor our multisector survey and help promote survey participation to all association members. We will also be exploring possible compensation management training events, webinars and other activities to provide its members professional development opportunities for HR practitioners in Barbados.

In commenting on the partnership, Shane Howell, the President of HRMAB, said ‘I am hopeful that this partnership will create opportunities for our members to further improve their capacity to use compensation management strategically within their organizations.  Additionally, it should assist employers by providing much needed information which will assist in making informed decisions as they compete over talent’.

Julienne Sayoc, Team Lead for Birches Group, added: “By collaborating with HRMAB, we are able to create a mutually beneficial relationship that brings more benefits to HRMAB members while it increases the visibility of Birches Group’s products and services not only in Barbados but in the Caribbean region. This synergy, furthermore, allows both parties to share their expertise and best practices for the development of HR as a profession around the world.”

Birches Group Employer On-Site Visit to Dubai, U.A.E.

We are pleased to announce that Birches Group will be in Dubai, U.A.E. from July 1-4, 2018.

This visit will feature presentations on Compensation and Benefits Trends in countries in Africa, Europe and the Middle East, as well as information about our Birches Group surveys in these regions, which is updated three times annually.

This is a wonderful opportunity to meet with our peers and share information about the challenges of managing compensation and benefits in these emerging markets.

For more information, please contact us.

Birches Group Employer Roundtable in Haiti

We are pleased to announce an employer roundtable in Port-au-Prince, Haiti on June 11, 2018 at the Karibe Hotel.  The event is sponsored by Birches Group in partnership with Strategys.

The event will feature a presentation on Compensation and Benefits Trends in Haiti, as well as information about the Birches Group survey in Haiti, which is updated three times annually.

This is a wonderful opportunity to meet with peers and share information about the challenges of managing compensation and benefits in Haiti.

For more information, please contact us.

Birches Group Employer On-Site Visit to Miami, U.S.A.

We are pleased to announce that Birches Group will be in Miami, U.S.A. from June 7-8, 2018.

This visit will feature presentations on Compensation and Benefits Trends in countries in the Caribbean, as well as information about our Birches Group surveys in the Caribbean region, which is updated three times annually.

This is a wonderful opportunity to meet with our peers and share information about the challenges of managing compensation and benefits in the Caribbean region.

For more information, please contact us.