EAPM
Cyprus
Cyprus Human Resource Management Association (CyHRMA)
- Address :
- P. O. Box 28785, 2082 Nicosia, Cyprus
- Phone number :
- +357 22 318081
- Fax number :
- +357 22 318083
- Website :
- http://www.cyhrma.org
- Email address :
- info@cyhrma.org
|
President |
Chris Mathas |
| Deputy Chairman: |
Anthi Voti-Ornithari |
| Officer Operations and Member Relations: |
Anna Charalambidou |
| Date Association Founded: | 1991 |
| National Employers' Association: | Employers and industrialists Federation (OEB); Cyprus Chamber of Commerce and Industry |
| National Unions' Association: | ETYK, DEOK, PEO, PASYDY, SEK |
| Government Employment Office: | Ministry of Labour and Social Insurance |
| Total Number Of Members: | 475 Individual and 46 Corporate |
| Membership Categories: | Full members, associate members, student members, corporate members |
| Title of Primary Publication and Frequency of Issue: |
People and Work, Bi-annually |
| Details of Professional Education Schemes: | Training programmes/seminars/workshops for HR professionals and line managers |
| Recognition of other external qualifications: | MCIPD (full membership) |
| Annual National Conference Dates: | CyHRMA Annual Conference - due to the recent situation in Cyprus, the 2013 annual conference has been cancelled |
| Other Activities: | Annual General Meeting (held in June every year) and other Networking events |
| Major events: | CyHRMA Annual Conference and Annual General Meeting |
Economy
- Real GDP growth: The actual GDP growth was 3.8% in 2005, estimated to remain at 3.8% in 2006
- Inflation rate: The inflation rate for 2005 was 2.0% (average), estimated to increase to 2.6% in 2006
- Trends: Adherence to the Public Stability Programme will ensure adequate growth with concurrent strengthening of public finances and estimated reduction of public deficit to 2.0% in 2006 (actual 2005 was 2.4 %)
Politics
-
Party in power: President of the Cyprus Republic is Mr.Tassos Papadopoulos since February 2003 and heads a coalition Government. The President is also the President of Democratic Party (DIKO). The Council of Ministers, which is appointed by the President, is the executive organ of the Republic.
Legislative power lies with the House of Representatives. There is a multi-party system of democracy based on proportional representation. The House of Representatives consists of 56 Elected Members as follows: Progressive Party of Working People (AKEL) 18 Members, Democratic Rally (DISY) 18 Members, Democratic Party (DIKO) 11 Members, Socialists Party of Cyprus (EDEK) 5 Members, European Party 3 Members, Greens 1 Member - Changes over the last 12 months: Parliamentary elections took place during May 2006. Minor changes in the power of the various parties were made
- Major issues on the agenda:
- Cyprus political problem
- Demands for subsidies by various Sectors of the economy
- Customisation of the Cyprus Society to the acquis communitaire of EU and the relevant legislation of the Republic
Labour market
- Employment rate: Employment rate 68.5% (age group 15-64 years) distributed as follows:
- Services - 71.2%
- Industry - 24.0%
- Agriculture - 4.8%
- Unemployment rate: The unemployment rate stood at 3.8% (average) for 2005 and estimated to 3.7% in 2006
- Jobs growth: The job growth (from the previous year) was 1.5 % in 2005 and expected to remain at the same level in 2006
- Skills shortages: From a study prepared by the Human Resource Development Authority of Cyprus regarding “Employment Forecasts in Cyprus for 2000 – 2010” the following occupations will be in demand during the said period, however, not necessarily indicating shortages:-
- General Managers, Departmental Managers
- Salesmen, Merchandisers
- Labourers for Trade and Services
- Accountants, Bookeepers etc
- Policemen, Firefighters, Prisoners Attendants
- Teachers, Instructors
- Technical Assistants for Physical Sciences and Engineering
- Computers Specialists
- Other Specialists
- Labourers for Agriculture, Forests and Fisheries
- Rate of pay increases: The Unit labour cost increased by 2.1% in 2005 and expected to rise by 1.2% in 2006
HR issues
- New employment legislation: Major pieces of new employment legislation came into force during the last f years in preparation for joining EU and important changes to existing legislation resulting from relevant European Directives. The new legislation falls under the following three main subject areas:
- Conditions of Employment / Information – Consultation
- Equality / Equal Treatment
- Safety & Health at the Work Place
- New government initiatives: Among the initiatives of the Government for the period 2004 – 2006 include measures and activities aiming at the promotion of employment , vocational education and training, utilization of new technologies in life – long learning, enhancement and modernisation of Public Employment Services, activities for adapting the necessary skills for new entrants satisfying the needs of the labour market as well.
Other priorities include the promotion of equal opportunities for access to the labour market for all with emphasis to women and to those threatened with social exclusion. Additional measures and activities include the improvement of safety and health at the places of work
- Trends to notice: see above
- News: A social dialogue was initiated early 2005 by the Government with the other Social Partners for the purpose of concluding an agreement for extending the retirement age of employees in Government and Semi-Government Organisations from the age of 60 to 63. Agreements on this issue were concluded with the relevant Unions of Civil Servants, Municipalities and most of the Semi-Government Organizations. The dialogue continues for concluding similar agreements with the remaining Semi-Government Organizations.
Taxation and social insurance law
- Social security contribution: For employees in Public Sector: 3.2% by employee on total earnings up to CP 2,015 / month (for 2005) and CP 2,076 / month (for 2006), 9.4% by employer.
For employees in Private Sector: 6.3% by employee on total earnings up to CP 2,015 / month (for 2005) and CP 2,076 / month (for 2006), 6.3% by employer, 4% by Government
For self – employed 11.6% on income
- Tax rate: Individuals:
- Up to 10K – 0%
- 10K to 15K – 20%
- 15K to 20K - 25%
- over 20K - 30%
- Companies:
- 10% on profits
Source : CyHRMA (Cyprus Human Resource Management Association)