Smartree launches index to take the pulse of the economy in real time

Last year, salaries in the private sector increased by 4.41% while the number of employment surged by 11%, says the newest Smartree Workforce Index - a summary of the evolution of recruitment, wage growth and well-being of employees.

The value of bonuses awarded by companies was higher by almost 19%, says the study.
The new index will be used by both market analysts to predict and employees to be aware of trends in the economy.

The index developed by Smartree takes into account the actual data obtained from the private sector. These data are anonymous and serve as an indicator of economic health in the context of real-time recording and measurement of changes in the labor market. Thus, Smartree Workforce Index is able to provide an insight to anticipate economic change.

"The purpose of development of the Smartree Index was to have a real-time picture of the economy. In this regard, we would like to be an element of analysis for professionals, because each of the indicators taken into account can be linked directly or indirectly with Romania's macroeconomic developments. We expect that will come to be used by analysts around the market so as to become a reference tool," said Adrian Stanciu, CEO, Smartree.

To achieve the Index, Smartree considers more than 200 companies working in all private industries and businesses with average revenues of over 2.5 billion Euro.

The number of private sector employment, higher by 11% in 2015

According Smartree Workforce Index, wages in the private sector increased by 4.41% last year compared to 2014 and the value of bonuses offered by employers was higher by almost 19%, while the number of personnel was rising approximately 11% over the previous year.
Since economic growth is tied directly proportional hiring pace, it can be concluded from these data that the entire market trend is positive.

And vacations are a key indicator to analyze the state of economy and particularly the welfare of employees. Last year, the number has increased by 11.56% compared to 2014, which may mean, for example, that companies have employed more people.

Eliza Irimia joined Stefanini IT solutions company, with operations in 39 countries and 88 offices around the world, as Financial Director for EMEA. From this position, Eliza will coordinate the company's finan

Over 5,400 Romanian young people have participated in the Duke of Edinburgh's International Award program in Romania (DofE) over the past six years, the personal development program that gives young people aged

Research reveals benefits of Cloud Infrastructure established as a clear differentiator. A survey of 1,600 senior IT professionals explores the benefits and misconceptions surrounding IaaS adoption, according

Webhelp Romania aims to consolidate and develops its local operations by hiring Mihnea Diaconu as Business Development Director.

Based on a concept made by the Miolk team, Fab Lab Iasi has a surface of over 700 sqm and it offers different scenarios for flexible use of the space (competition areas, co-working, makerspace, teaching rooms,

Deutsche Bank announces it aims to create a common industry standard for trading technology by making its own computer code publicly available for the first time.

According to a study of this year conducted by consultancy company Deloitte, today, Many organizations need a completely different kind of leader: a "digital leader" who can build teams, keep people connected a

Six months after the inauguration of the IT development centre in Bucharest, Coface Technologies has already formed its first functional teams and has also launched the first successful projects, such as the au

Pavel Campan has been named Vice-President of Operations for TELUS International Romania. This appointment comes at a time when the company is about to reach 1,500 team members locally.

Roxana Tesiu has been named Vice-President Human Resources of TELUS International Europe. In her new role, she will lead the HR teams in both Romania and Bulgaria, at a time when the number of team members in b

Building a corporate social responsibility (CSR) strategy that truly impacts the vision and direction

Wipro Limited, global information technology, consulting and business process services company, announced the launch of an Automotive Center of Excellence (CoE) in Timisoara, Romania. This CoE will help Wipro d

Technology shapes the way we educate, communicate, conduct business and advance science, all while maintaining significant influence on the global economy. But the way we engage with technology is changing

Outsourcing Today organizes the third edition of People in Shared Services and Outsourcing Forum, on October 19, 2017 in Bucharest at Caro Hotel.

Business shared services in Romania is by nature a flexible, mobile and diverse community and in this context, local markets develop their own particularities to address the global changes, to adjust to new dem