Greece, an ancient and fascinating country, has been facing a serious challenge in recent years with a shortage of skilled workers. In response to this dilemma, the Greek government has decided to try out a new policy – a six-day workweek – starting July 1 this year, which aims to alleviate the tight labor market by increasing pay and flexibility to motivate employees to work overtime.
Under the new policy, employees who are willing to work 6 days a week will enjoy up to 40% additional wages. Employees can even receive up to 115% overtime pay if the 6th working day falls on a Sunday or public holiday. This initiative is mainly aimed at companies that practice shifts, but also applies to state-owned enterprises such as the public sector and utilities.
The Greek government says the reform aims to attract more skilled workers to the labor market by increasing employee pay and flexibility. Although the unemployment rate in Greece remains high in the EU, many industries are still facing severe labor shortages. Especially in the fields of agriculture, construction and catering, the shortage of labor has become a bottleneck restricting the development of the industry.
In response to this challenge, the Greek government has taken a number of measures. For example, by bringing in labor from Egypt, India, Albania, and other countries to make up for the labor shortage. However, when it comes to skilled workers, the government believes that more flexible and innovative policies are needed to attract and retain talent.
The implementation of the new policy will allow employees to voluntarily choose whether or not to participate in a six-day work week. Employers are required to register with the labor administration department and give reasons, but they are not allowed to force employees to work overtime. In addition, the working hours must not exceed 48 hours per week to ensure the rest and health of employees.
The shortage of skilled workers in Greece was actually one of the long-term consequences of the sovereign debt crisis of the 2010s. During the crisis, many skilled workers lost their jobs or left Greece, resulting in a serious imbalance in the labor market. With the gradual recovery of the economy and the continuous expansion of the market, the demand for skilled workers is also increasing. Therefore, the government hopes that through this reform, it will inject new vitality into the labor market and promote the sustained and healthy development of the economy.
Overall, the Greek government's pilot of a six-day workweek is an innovative and challenging policy. It will bring new opportunities and challenges to the labor market, while also injecting new impetus into the recovery and development of the Greek economy.
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