hours worked

In Spain 14th May 2025

Labour Ministry acknowledges reduction of workday increases business costs by up to 6%

The final version of the economic report accompanying the draft Law for the reduction of the maximum legal working hours to 37.5 hours per week acknowledges that the measure will increase the costs borne by companies by up to 7%. In black and white, the document prepared by the Ministry of Labour – which the newspaper El Mundo has accessed – not only admits the increase in the wage bill…

Spanish economy 13th May 2025

Absenteeism continues to rise: 7.4% of working hours lost

While the government approves a reduction of the working week from 40 to 37.5 hours by decree, the absenteeism rate in Spain has not stopped increasing since the end of the pandemic. It rose to 7.4% in the fourth quarter of 2024, which is two tenths of a percentage point higher than in the same period of the previous year, while absenteeism due to Temporary Disability (IT) has already reached…

World economy 10th March 2017

Productivity Is Both Obvious And A Mystery

James Alexander | Productivity is much talked about but very little understood. Of course, it can be very simply stated as amount produced per hour worked, but amount produced is not easy to calculate.