Employees in the private sector received a 10 percent increase in salaries in the first half of this year, as well as bonuses of over 16 percent higher compared to the same period in 2015, due to the positive evolution of the economy and minimum wage increase, Smartree Workforce Index reads, an analysis conducted by HR Smartree.
Thus, from the first quarter there was an increase of 8.89 percent compared to the same period in 2015, while the growth in the second quarter was 10.93 percent compared to the same period of the previous year.
“This advance was determined by companies’ strategy on employee retention,” Adrian Stanciu, CEO Smartree commented.
The industries reporting the highest wage increases in H1 versus 2015, were those offering the minimum wage – Retail & Logistics, as well as the firms in industries with high profit margins, such as those in IT field.
On the other hand, industries such as oil and banking have suffered in this respect due to the decrease of oil barrel price and to legislative changes.
Regarding the bonuses, there was recorded an increase of 13.30 percent in Q1 of this year and 18.96 percent in Q2, compared to similar periods in 2015. On average, the bonuses in the first six months of this year worth about RON 146 gross/ employee / month, according to Smartree statistics.