mbr special edition 2016 low (1)

Malta Business Review | SPECIAL EDITION
Salaries & Benefit Report
EU Presidency
Malta Business Review | SPECIAL EDITION
MISCO’s recent Salaries and Benefit Report
shows that there was a 4.9% increase
in the annual average salaries in Malta.
The highest increases in average salaries
were noted for the posts of Business
Development Manager, Operations
Manager (within the Services Sector)
and ICT Manager. Minimal changes in the
average salary were noted in the posts
of Managing Director, Administration
Manager, Production Manager, Warehouse
Manager and Engineering Manager.
having access to robust
and up-to-date market
information is essential
The 31st edition of The MISCO’s Salaries
and Benefit Report features 85 positions,
compared to the last year’s 79, and carries
a number of new positions, including
that of Assistant Financial Controller,
Sales Executive, Sales Representative,
Compliance / Anti-Money Laundering
Officer, Logistics Manager, Head of Stores,
Maintenance Manager, Research and
Development Specialist and Maintenance
Supervisor.
MISCO’s Director Lawrence Zammit said that
in a challenging marketplace, effective and
competitive remuneration is a key priority.
Employers need to ensure their reward
policies and practices are both practical
and relevant to today’s labour market. As
such having access to robust and up-todate
market information is essential. In fact,
Mr Zammit said that MISCO compiles such
reports to provide guidance on the pay ranges
to be attached to grades or bands when
designing a
pay structure.
The study shows
that there was 3.8%
increase in finance-related positions and
a 5.7% in HR-related positions. Marketing-
Related positions registered a 2.1%
increase.
Mr. Zammit said that “MISCO is conscious of
the need of employers to have information
that is more focused on their specific
requirements. For this reason we also
publish a number of sector specific salaries
and benefits reports throughout the year
and provide compensation benchmarking
MISCO Study Shows
An Average 4.9%
Increase In
Salaries
By James Vella Clark
reports to individual organisations
facing challenges in keeping their best
talent and concerned with matching their
packages to those offered in the market.”
In fact, he added that this report, like
the other sectorial ones, are important
tools which give the company’s senior
management the necessary information
upon which, one can take informed
decisions to ensure that pay will attract and
retain the people the organisation needs.
Having said that, Mr Zammit added that
MISCO strongly believes that salaries are
just one component of the HR strategy of
an organisation and needs to be supported
by appropriate training and development
activities, motivational activities and
creating a work environment that is caring
of the employees’ wellbeing. MBR
No income tax for
pensions up to €13,000
@MaltaGov
“Malta is well-prepared to address EU’s Justice and Home Affairs agenda during
its Council Presidency” European Commission First Vice President
The Maltese government is very wellprepared
to take over the rotating
Presidency of the Council of the European
Union on January 2017, said Frans
Timmermans, First Vice President of
the European Commission. In a meeting
with Minister for Justice, Culture and
Local Government Owen Bonnici and
Minister for Home Affairs and National
Security Carmelo Abela, on Friday 7th
October 2016 in Valletta, Vice President
Timmermans pointed out that the areas
of Justice and Home Affairs will be two of
the most important ones, as they include
highly-topical issues such as migration and
asylum, border management, and security.
During this meeting, Minister Bonnici
emphasised that the Justice and Culture
sectors are well-prepared to register
progress during the upcoming Maltese
Presidency of the European Union. He
added that amongst other preparations,
people that will be involved in every stage
of the Presidency were adequately trained.
Minister Bonnici explained that the
Ministry for Justice, Culture and Local
Government will be responsible for twelve
conferences and meetings during the
Presidency, 19 working parties and 19
dossiers. In total, Minister Bonnici said,
there are 50 people from the Justice and
Culture sectors involved in the Presidency
preparations and training has been
provided. He explained that the priority
of this Ministry is to register progress on
the respective legislative pending files and
work hard on the new legislative files put
on the table.
As regards Brexit, the Minister emphasised
that Malta as a Presidency is prepared to
start off discussions in Council. He added
that the EU should create a plan for a
post-Brexit EU and the process, which
has already started in Bratislava about a
new idea for Europe, should continue in
Malta. This, he said, is essential to have
a European Union which is stronger and
closer to the people.
On his part, Minister Carmelo Abela said it
is important to address both the internal
and external aspects of migration. He
referred to the Valletta action plan that was
agreed upon in last November’s Valletta
Summit on Migration, and noted that
Malta will be endeavouring to monitor its
implementation through a Senior Officials’
NILARA FASHION SHOW
DURING MALTA’S BEST IN BUSINESS AWARDS 2016
MBR Publications Limited are pleased
to announce that during MALTA’S BEST
in BUSINESS AWARDS 2016 being held
at Castello Dei Baroni, Wardija on Friday
25th November, NILARA Fashion will be
performing two high powered fashion
shows of 10 minutes each profiling
their latest Collection, designed by
Nilay Camilleri. The sow will include
professional make-up artists, hair and
atelier and this will not be the usual
set-up of a boring catwalk, but a real
interactive show, for what NILARA are
actually famous. The first show will be a
mix of NILARA famous paint it black-and
insomnia dresses which Nilay will mix out
of the best designs, with virtuous music.
The second one will be NILARA long sleeve
designs, which weren’t shown anywhere
yet, and we will go in the elegant style.
NILARA shall also be featuring some of
the latest Atelier fashion paraded by
fabulous models brought in exclusively
for the evening gala awards.
For more information please contact
Margaret Brincat on 9940 6743 / Email: margaret@mbrevents.com
Photo- DOI-Reuben Piscopo
Meeting which will be held in Malta in
February of next year to take stock of the
state of play, and map the way forward.
Minister Abela referred to the important
dossiers that will be on the table during
Malta’s Presidency, including the proposals
revising the Common European Asylum
System, proposals relating to border
management, and measures taken to
safeguard internal security and combat
terrorism. He concluded by thanking the
European Commission for its continued
support and looked forward to further
cooperation during the Presidency. MBR
Source: Minister for Justice, Culture and Local
Government
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