BUSINESSFINANCIALNEWS

Wages in the private sector, up by 8 pc in Q3

By Anca Bernovici
26

The wages in the private sector increased by 8 percent and bonuses by 22 percent in the third quarter of this year compared with the same period last year, Smartree Workforce Index shows, continuing the trend from the previous quarter.

“This is explained by the growing competition between the companies on the labor market. Firstly, many employers are facing now huge difficulties in finding the necessary staff and then to keep them,” Adrian Stanciu, CEO Smartree said.

According to the Smartree analysis, IT and retail, the booming sectors in Romania, are in the position to curb development due to manpower lack. This situation gave rise to the recruitment method directly from the competing companies, which has also led to higher wages. On the opposite side are banking and insurance domains, where the wages grew very slowly.

At the same time, Retail and Shared Service Center’s are the industries that have reported the most employments, according to Smartree data.

Smartree Index refers also to the rest leaves situation in the market, as well as to the sick leaves, all these indicators influencing the employee wellbeing. Number of annual rest leave days has evolved in the third quarter by 13 percent compared to the same period in 2015, while the number of sick days taken by employees increased by a significant percentage of about 17 percent.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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