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The Shift in European Working Hours: What’s Behind the Decline?

Over the last decade, workers across Europe have seen a gradual reduction in weekly working hours. On average, the EU has experienced a drop of one hour per week, amplifying to more than an hour in nearly half of its 34 nations.

Where Do Europeans Work the Longest?

According to recent data, countries in Southern and Eastern Europe endure the longest workweeks. Turkey leads at 43.1 hours, followed by Serbia and Bosnia. In contrast, nations like the Netherlands exhibit significantly shorter working weeks, highlighting strong labor protections.

Decadal Shifts in Working Times

From 2014 to 2024, only four countries witnessed an uptick in working hours, with Serbia marking a rise of 1.7 hours. Meanwhile, Iceland and Turkey underwent the steepest declines, exceeding three hours.

Why Are Working Hours Declining?

Declines are closely tied to increased part-time work and greater female workforce participation, with many opting for flexible hours. A study mentioned by the ECB attributes this decline to technological advancements and voluntary part-time employment. Seeking a balance between life and work reflects increased income levels and a diminishing drive to clock in longer hours.

These dynamic factors reshape Europe’s labor markets, marking a cultural and economic shift.

Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.

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