Wages in private companies, higher by 14 pc in Q1, Smartree index shows

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The first three months of this year brought increases in salaries and bonuses received by some employees in the private sector, over the same period last year. According to Smartree index, the wages in privately-owned companies increased on average by 14 percent in Q1, in year-on-year comparison.

According to the HR outsourcing company, the growth was mainly influenced by the positive evolution of the economy in Romania, by the increase in the minimum gross salary as of February 1, and by the upward trend of the employment on several market sectors.

“The labor crisis on segments such as IT & C, medical, automotive also had a positive impact on wage growth in the first three months of this year. Thus, the companies have developed clear strategies for employee retention or attraction, and providing motivating salaries was one of the most important factors,” Adrian Stanciu, CEO of Smartree stated.

During the analyzed period, the employees received higher bonuses by about 6 percent over the same period last year, according to the Smartree index.

Moreover, the number of employees in private companies increased by more than 13 percent in the first quarter of this year

“The main industries that have absorbed new employees in Q1 of 2017 are coming from pharma & medical, software development, shared services, automotive and retail, including FMCG. This was determined by increasingly higher investments on the Romanian market, the opening of new production facilities, as well as the constant demand for IT specialists, as Romania is still one of the most attractive IT hubs in the region,” Stanciu also said.

Q1 of 2017 also brought an increase in the number of days of rest leave taken by employees, up by18 percent year-on-year.

The Smartree index is based on the answers of more than 200 companies that have a combined turnover of over EUR 2.5 billion.

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