Commentary – Page 30 – Ethiopian Business Review

Now that the cost of living is rising dramatically in Addis Ababa and throughout Ethiopia employers are being forced to pay attention to the challenges their employees face. Many organizations now must revise salary scales or develop them due to pressure from employees to raise salaries. The competition for competent employees is also becoming stiff for skilled labor especially in the financial industry.

To retain good employees companies need not only to revise salary scales but fringe benefits as well. Many people feel that increasing salary improves performance but its most important function is retaining and attracting competent employees. To improve performance organizations must have incentives for individuals, groups and organizations.

Anyone who has been in and out of Addis Ababa in the past four years would find it hard to ignore the changes that have swept the burgeoning city. When I left the capital in 2008, there was no denying that the city was at the edge of a boom; and for a young student who has to leave her country in search of opportunity, there is nothing more exciting than the prospect of development. The most apparent evidence of this boom came in the form of road construction. Twice a year, I would return to the city, only to be shocked and awed at the sprawling new overpasses, neatly-tiled sidewalks and widened avenues. Only this year, upon my permanent move to the city, did I begin to understand the downsides of such sweeping undertakings.

One positive outcome of the trade tensions of recent years is a renewed interest in understanding how trade actually works, in terms of aggregate gains, distributional effects, adjustment costs, and other factors. Governments are increasingly looking for ways to mitigate the negative effects of trade through labor-market policies and broader interventions, and scholars are generating a new wealth of knowledge that could make globalization work for everyone, provided the significant trade-policy risks looming on the horizon are addressed.

Businesses are legally responsible for their actions as if they were individual. This concept, known as corporate criminal liability, looks at practically every commercial or industrial organization whose existence is to make profit. As to the concept, businesses are responsible as an entity separate from their shareholders or partners.

Nonprofit and public sector organizations like charities, schools, or religious institutions are treated differently.

Consistent Salary Scales Retain Good Employees

Trading Comfort for Development: A City-Dweller’s Rationale for Patience on the Road

Globalization for All

Corporate Criminal Liability: An Emerging Concern For Businesses In Ethiopia