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The iGaming 🎮 sector, once seen as one of Malta's most profitable career avenues, now navigates increased competition from both local and international markets 🌍, leading to a more complicated landscape.

Read the full article 👉 ...https://igamingcapital.mt/a-spotlight-on-igaming-salaries-in-malta/

💸 WOMEN DRIVE JOB GROWTH IN MALTA

✅ The Maltese labour force increased by 6.6% in 2023, with women being the main growth contributors.
→ Women contributed with a participation increase of 9.7%, while men provided a 3.1% increase over the course of five years.
→ The total ...working population of people aged 15 to 64 climbed from 74.1% in 2018 to 80.7% in 2023.
→ These statistics show a decrease in the gender gap over the course of those five years.

✅ People between the ages of 25 and 54 had the highest activity rate with a rate of 96%.
→ Women in that same age category had an increase of 10%.

✅ The total rating for the age range 15 to 64 is 5.7% higher than the EU average.
→ Malta scores higher than the EU average across nearly all age groups, as the EU average of 55 to 64-year-olds is 9.6% higher.
→ The age scale 15 to 24 year-olds has the biggest gap compared to the EU average with a 15.2% difference.

✅ From 2018 to 2023, male employment rose by 0.7% annually, while female rates increased by 1.9%.
→ In both the EU and Malta, male employment rates are generally higher than female rates.
→ Exceptions exist for the 55-64 age group.
→ Overall, employment rates for both genders in Malta surpass the EU-27 average.
→ The largest gap between national and EU-27 rates is in the 15-24 age group, with Malta at 50.4% compared to the EU-27's 35.2%.

✅ Employment rates have risen across all age groups as the age structure of employed individuals has shifted in recent years.
→ The younger cohort (15-24) saw a 1% increase from 2018 to 2023.
→ Employment for those aged 20-64 increased by 6.4% during the same period.

✅ Between 2018 and 2023, the employment gender gap in Malta narrowed due to incentives encouraging female participation in the labour market.
→ In 2023, Malta's gender gap was 4.3% lower than the EU-27 average.
→ Employment in the services sector rose from 57% in 2018 to 63.1% in 2023.
→ In 2023, the female share of employment in services was 20.4% below the EU-27 average.
→ In 2023, about 15% of employed individuals in Malta were self-employed, 0.7% higher than the EU-27 average.
→ Over the past six years, self-employed males made up 19.3% of total employed males.
→ Female self-employment rates in Malta matched those in the EU-27.

✅ In 2023, 17% of female employees in Malta were part-time, compared to 29.7% in the EU-27.
→ Malta's overall part-time worker share was 8.4% lower than the EU average.
→ There was a 12.7% difference for females and a 3.2% difference for males.

✅ Unemployment rates in Malta declined steadily, reaching 3.5% in 2023: 3.7% for males, and 3.2% for females.

✅ The youth unemployment ratio was 5.1% in 2023, which is 0.9% lower than the EU-27 average.
→ Higher rates were observed for young males compared to females.

Read the Article! 👇
https://www.maltatoday.com.mt/news/national/131749/women_drive_maltese_job_growth_as_family_measures_reduce_gender_gap

💸 EMPLOYMENT UP ACROSS SECTORS

✅ The National Statistics Office reports a 5% increase in June's full-time and part-time employment, with higher job fills in both sectors.
→ Full-time employment reached almost 287.000 in June, which is the most recent month for available ...data.
→ Part-time employment reached 35.000, with an increase of almost 6%.
→ The private sector saw the biggest increase of 6%, reaching over 234.000 full-time workers.
→ Public sector full-time employment grew by nearly 2%, reaching over 52.000.

✅ The number of workers has steadily increased since 2005, now more than double the 150.000 recorded 20 years ago, despite short-term fluctuations.
→ Malta has also seen an increase in population during that same period, rising by 140.000.
→ The employment gains were seen across all industries.

✅ Full-time employment in hospitality saw the largest proportional increase, with food and accommodation jobs rising by nearly 13%.
→ This was followed by a 12% rise in household activities and an 8% increase in professional, scientific, and technical activities.
→ Nearly 5.000 new workers joined the hospitality and motor trade sectors, driving the largest gains in full-time employment.
→ The NSO reported a 5% rise in full-time employment for men and a 6% rise for women.

✅ Part-time employment rose by 1.500, with professional and administrative services leading the way.
→ The increase was biggest in the water supply industry (17%), with financial and insurance activities (15%) and the arts, entertainment, and recreation sector (12%) also seeing notable gains.
→ The number of self-employed workers rose by 725.

Read the Article! 👇
https://timesofmalta.com/article/employment-across-board-june-nso.1101241

💸 SALARY INCREASE OF 4.2%

✅ The 11th Annual HR Development Survey by Misco and the MEA shows that average salaries have risen by 4.2% over the past year.
→ As organisations boost compensation packages, specific sectors have varied rates of growth.
→ Salary increases were ...3.7% for finance, 3.8% for sales and marketing, 6% for legal and compliance, and 5.2% for IT roles.
→ The increasing number of vacancies and talent competition has prompted 50% of Maltese companies to improve employee benefits to keep top talent.

✅ The survey revealed that 43% of companies had more vacancies than last year, with 25% being technical roles.
→ It further revealed that 65% of companies still view HR as essential, though this represents a slight decrease from 71% in 2023.
→ HR's focus on staff retention remains a priority for 75% of the respondents, a 5% increase.
→ 63% of companies lack a structured management development programme due to time and budget constraints.

✅ At MEA’s Valletta offices, Nadine Cilia presented the survey results to HR practitioners, emphasising the ongoing challenges faced by the HR role.
→ Cilia explained that HR professionals are confronted with challenges like setting up performance management systems, reduced budgets, insufficient resources, and limited acknowledgement from top management.
→ Salary demands remain the key HR challenge, and better remuneration packages drive staff turnover, with 46% of respondents citing this as the main reason.
→ The survey revealed that while 61% of companies invest in attracting new talent, only 35% measure employee engagement annually, and 30% don't measure it at all.

✅ The survey revealed that the top employee benefits are subsidised meals, life insurance, childcare services, company discounts, training sponsorships, and gym memberships.

Read the Article! 👇
https://timesofmalta.com/article/salaries-increase-average-42-past-year.1101402

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💸 IGAMING SECTOR SURPASSES €1.3B

✅ The gaming sector's economic contribution surpassed €1.3 billion last year.
→ The number of new gaming licenses decreased by 50%, according to the industry watchdog's annual report.
→ The Malta Gaming Authority (MGA) ...reported a €55 million increase in the sector's Gross Value Added (GVA), a 4% growth, based on NSO figures.
→ The number of new licenses issued dropped from 31 in 2022 to 15 last year, while licenses revoked by the MGA increased from 6 to 11.
→ The authority issued 28 warnings and imposed nearly €173.000 in administrative penalties, including a €66.500 settlement from a company offering unlicensed gaming services.

✅ Administrative penalties issued by the Financial Intelligence Analysis Unit (FIAU) reached almost €1 million.
→ These penalties carried out almost half of the anti-money laundering and financing of terrorism checks on gaming operators.
→ The MGA found seven operators in breach of AML/CFT compliance after 28 interviews with the financial intelligence agency.
→ Land-based gaming inspections totalled over 9.500, a 20% decrease from the previous year, with the largest drop in inspections of electronic gambling premises.
→ The MGA conducted 1.661 inspections of controlled gaming premises last year, a 15% decrease from the previous year and the lowest since 2021.

✅ Gaming establishments in Malta are gaining popularity, as Maltese casinos register over 225.000 new players.
→ This makes it an increase of more than 50.000 from the previous year.
→ Last year, casino visits grew by more than 130.000, surpassing 925.000 in total.
→ The authority helped nearly 4.500 players last year who sought assistance for responsible gaming, a decrease of about 700 from the previous year.

✅ An EY study found that most gaming operators expect revenue and employment growth while increasing spending on legal, tech, and marketing services.

Read the Article! 👇
https://timesofmalta.com/article/gaming-sector-generated-13-billion-last-year.1101229

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💸 RISE IN UNEMPLOYMENT

✅ The National Statistics Office reported a rise in unemployment of 130 in October this year, compared to the same month in 2023.
→ The number of unemployed persons reached 1.089, with men accounting for 68.4% of the total.
→ Registrations for work ...increased by 47 for under 21 weeks and 90 for 21-52 weeks year-on-year.
→ However, registrations for work over one year decreased by seven.

✅ In October 2024, the number of persons registering for disability decreased.
→ The decrease was by six compared to the previous year, totalling 234 individuals.
→ The largest portion of individuals on the unemployment register were seeking jobs as clerical support workers.

Read the Article! 👇
https://timesofmalta.com/article/unemployment-slightly-october.1101318

Warm wishes for a joyful holiday season and a prosperous New Year! 🎉