The April data releases across the globe point to the soaring inflation as one of the most pressing current economic problems worldwide. Consumer Price Index for EU 27 countries has been consequently rising in recent months to 7.8% as of April 31st, with some of the members reaching as much as 15% year to year pace.

Federal data from the point to a whopping 8.26% - levels unseen since the 1980s. The at 7% this month is facing the highest inflation in 30 years. Not to mention other parts of the world with some of the G20 countries like already passed the dangerous levels with 70% and 55% respectively.

In the current post-Covid age, where the Great Resignation is seeing workers reconsider their long term plans for staying with any one company, long term incentive plans (LTIPs) may just be the ticket to keeping your company’s top talent.

In recent years concepts like Industry 4.0 and Business 3.0 strongly appeared in mainstream awareness. Software robots are becoming a significant part of it, making Robotic Process Automation (RPA) one of the fastest-growing global markets. Companies worldwide see RPA more as an inherent part of their ventures than a cost generator, adopting this technology faster than ever.

Comp & Ben Talks is dedicated to people who are interested in Compensation and Benefits, HR topics, and challenges in those areas; to people who wish to understand what IT could offer in that regard.

We all know that world markets struggle with a significant labor shortage. In recent years, millions of people have switched jobs. Some quit work permanently. Only in the US, from May to September 2021, 20.2 million employees left their companies. Consequently, businesses have to review their approach to productivity and look for solutions to help them grow further or maintain the current pace and employees.

Although you don't have to ask modern businesses what is RPA, as the automation market proliferates, the choice of a specific tool is not always obvious. Next to the globally recognized software vendors, a given company may prefer an independent open-source RPA solution.