{"id":635780,"date":"2017-12-13T04:08:47","date_gmt":"2017-12-13T04:08:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/dont-get-your-hopes-up-for-a-big-pay-raise-in-2018-but-do-expect-egyptian-banks-to-do-better-than-their-african-competitors-next-year\/"},"modified":"2017-12-13T04:08:47","modified_gmt":"2017-12-13T04:08:47","slug":"dont-get-your-hopes-up-for-a-big-pay-raise-in-2018-but-do-expect-egyptian-banks-to-do-better-than-their-african-competitors-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/dont-get-your-hopes-up-for-a-big-pay-raise-in-2018-but-do-expect-egyptian-banks-to-do-better-than-their-african-competitors-next-year\/","title":{"rendered":"Don\u2019t get your hopes up for a big pay raise in 2018 \u2014 but do expect Egyptian banks to do better than their African competitors next year"},"content":{"rendered":"

<\/a> Employees in Egypt, Albania, and the UK can apparently kiss their 2018 pay raises goodbye<\/strong>, as HR consultancy Korn Ferry<\/a> predicts that raises will be offset entirely by inflation and price hikes. \u201cIn Egypt, top-line salaries will increase by 15%, but an 18.8% inflation rate means employees will see a cut in real wages of -3.8%.\u201d It\u2019s not looking that great for the rest of the world either. You can read a detailed summary of the report here<\/a> or play with their salary forecast tool<\/a>, but be warned that you\u2019ll need to give them tons of personal information as a marketing lead before you get your data.<\/p>\n

Also from the Department of Prognostication: Banks in Egypt, Morocco, and Nigeria are expected to perform better than their counterparts elsewhere in the continent in 2018<\/strong>, according to Banks \u2014 Africa, 2018 Outlook (paywall)<\/a>, a report now out from Moody\u2019s (press release here<\/a>). The report has an overall negative outlook on the African banking sector in 2018, a reflection of \u201chigh macroeconomic risks that expose banks to asset quality pressures, reduced government support and sovereign, credit risk.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Employees in Egypt, Albania, and the UK can apparently kiss their 2018 pay raises goodbye, as HR consultancy Korn Ferry predicts that raises will be offset entirely by inflation and price hikes. \u201cIn Egypt, top-line salaries will increase by 15%, but an 18.8% inflation rate means employees will see a cut in real wages of […]<\/p>\n","protected":false},"author":1,"featured_media":635781,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"45301b63-1404-4ce3-b9b2-c332ac042bc9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/12\/527.png","photo_position":"above","related_issue":[635771],"teaser":"","voice_url":""},"yoast_head":"\nDon\u2019t get your hopes up for a big pay raise in 2018 \u2014 but do expect Egyptian banks to do better than their African competitors next year - 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The next\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628892,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/planning-ministry-wants-to-amend-civil-service-acts-exec-regs-to-increase-annual-raises-for-public-sector-employees\/","url_meta":{"origin":635780,"position":1},"title":"Planning Ministry wants to amend Civil Service Act\u2019s exec regs to increase annual raises for public sector employees","author":"enterpriseam admin","date":"16 May 2018","format":false,"excerpt":"LEGISLATION WATCH- Planning Ministry wants to give civil servants bigger raises: The Planning Ministry has finalized amendments to the Civil Service Act\u2019s executive regulations that would pave the way for public sector employees to receive bigger annual raises, government sources say. 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He did not state how much the ministry had raised this minimum requirement, according to statements picked\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630967,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/greeces-energean-raises-usd-1-27-bn-to-fund-its-development-of-israeli-gas-fields\/","url_meta":{"origin":635780,"position":3},"title":"Greece\u2019s Energean raises USD 1.27 bn to fund its development of Israeli gas fields","author":"enterpriseam admin","date":"6 March 2018","format":false,"excerpt":"More feedstock for Egypt as natural gas export hub? Greek energy explorer and producer Energean has signed a USD 1.27 bn agreement with multiple banks to finance its development of Israel\u2019s Karish and Tanin offshore natural gas fields, Bloomberg reports (paywall). The two fields hold a combined 2.5 tcf of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/3\/425.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634698,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/etisalat-misr-raises-capital-to-retire-4g-license-debt\/","url_meta":{"origin":635780,"position":4},"title":"Etisalat Misr raises capital to retire 4G license debt","author":"enterpriseam admin","date":"22 January 2018","format":false,"excerpt":"Etisalat Misr is joining the list of companies in Egypt raising capital to retire debt it accumulated to pay for its 4G license. In a high interest rate environment, the company has begun expediting the repayment of EGP 4 bn it owed to a domestic bank consortium, sources told Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638428,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/04\/cbe-raises-required-reserve-on-local-currency-deposits-to-14\/","url_meta":{"origin":635780,"position":5},"title":"CBE raises required reserve on local currency deposits to 14%","author":"enterpriseam admin","date":"4 October 2017","format":false,"excerpt":"CBE raises required reserve on local currency deposits to 14%: The central bank will raise the required reserve ratio on local currency deposits for domestic banks to 14% from 10% as of 10 October, a statement picked up by Reuters says. The bank said it was an \u201cappropriate\u201d time to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=635780"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635780\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/635781"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635780"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635780"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}