Latest News  

Smartree: In the third quarter, salaries rose by 8 per cent, bonuses by 22 per cent

The third quarter of this year brought a rise in the employee salaries, especially related to bonuses offered to employees working in the private environment, according to Smartree Workforce Index.

2016-10-28 15:16:22

Hence, the data offered by the study show that, compared to the same interval of last year, the salaries reported a growth of 8 per cent in Q3 this year, while the bonuses advanced by 22 per cent. "The evolution of salaries has been reported in all areas, either white collars to blue collars. The rise is due to a tightening competition among the companies in recruiting and retention of employees. Currently, many employers face significant challenges in firstly, finding the right personnel, respectfully, in retaining them," said Adrian Stanciu, CEO Smartree.

The trend is obvious especially in retail and IT sectors, fields registering a major growth currently in Romania. In this context, these industries also have to push the break in their development pace due to the lack on the workforce. The situation triggered the fast solution of recruiting from competitors, with the main incentive related to a raised salary. At the other end, the financial and banking industry and the insurance reported the smallest rise in salaries. According to the Smartree workforce Index, the salaries evolved with an average of 8 per cent in Q3 this year. In 2015, the advance has been reported at only 3 per cent compared to Q3 of 2014.

Due to the major lack of candidates for the opening jobs, the companies also use the option of offering increased bonuses, with a rise of 22,34 per cent registered in Q3 this year compared to the same interval in 2015. "The companies started to compensate through bonuses the employees in order to retain them and as a method to increase the motivation and efficiency. Also, this trend is due to the current performance measurement methods which are done in real time and more and more, project-based," said Adrian Stanciu.

The same study indicates that the volume of new employment increased by 7 per cent in Q3 this year, compared to 2015's third quarter. In the current increased demand for workforce, the pace has slowed a little bit, because in Q3 2015, the increased was reported at 10 per cent. The disparity is explained through the lack of fit candidates available on the market. The most active employers were the industries in retail and shared services. Also as a trend, the employees asked for more holidays and medical leaves, as the two indicators reflect the wellbeing and wealth of professionals. The number of holiday leaves advanced in Q3 this year by 13 per cent compared to the same interval last year, while the number of medical leave increased significantly, by 17 per cent in the same interval.



0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Stefanini officially launches the office at Chisinau

IT solutions provider Stefanini announced it officially launched its office at Chisinau, in the presence of local representatives such as Sabin Gîrlea, Operations Director for Application Development division

 Read Full article »
Computaris Romania hiring over 30 engineers for Bucharest site

Computaris Romania has achieved its Q1 2017 plans to hire more than 30 software engineers, exceeding 100 people at its Bucharest site.

 Read Full article »
Zitec expands at Brasov and plans to hire 20 IT professionals by the end of this year

Romanian software company Zitec recently announced it has opened an office in the central city of Brasov, where it plans to hire 20 by the end of this year.

 Read Full article »
Ericsson and Skanska trial IoT for Smart Buildings

Skanska, the world leading project development and construction group, has initiated an Internet of Things (IoT) trial with Ericsson for Skanska Commercial Development Nordics.

 Read Full article »
Skanska started the workings at Campus 6, its newest project locally

The official ceremony joined local officials, such as Gabriel Mutu, mayor of bucharest's sixth district, Aurelia Luca, Country Manager Skanska Property România, Katarzyna Zawodna, Business Unit President Skans

 Read Full article »
Deloitte Romania: learning and career development, high up on the business and HR agenda

Driven by the frequent change of the professional competencies required to perform at work, lack of experienced candidates and employee's desire to develop professionally continuously, learning and career devel

 Read Full article »
Softelligence to hire 100 by end-2018

Romanian business software company Softelligence recently announced it plans to hire 100 developers by the end of next year in its software engineering office in Craiova.

 Read Full article »
Cosmin Pătlăgeanu, Marketing Manager, Luxoft România is the new president of ABSL

The Association of Business Service Leaders in Romania (ABSL) announces the naming of Cosmin Pătlăgeanu, Marketing Manager, Luxoft România as the organization's new president.

 Read Full article »
PIN MAP IASI: The first business map of Iasi is launched

After a team effort of over half a hear, the team of The PIN Map project announced it is launching the first map of the offices in Iasi - PIN Map Iasi (www.pinmapiasi.ro), within a press conference hosted by Ia

 Read Full article »
UiPath Automation Academy RPA-certified 500 users in April

One year ago, UiPath offered RPA free for individual users, education projects and small to medium businesses. UiPath Community Edition has been a great success, and their Community Forum now hosts a growing nu

 Read Full article »
 
MOST RECENT VIDEO
 
 
MOST READ ARTICLES
» PIN MAP IASI: The first business map o...
» Softelligence to hire 100 by end-2018
» Cosmin Pătlăgeanu, Marketing Manager...
» Deloitte Romania: learning and career ...
» A look ahead: How artificial intellige...
» UiPath Automation Academy RPA-certifie...
» Romanian Outsourcing Awards for Excell...
» Romanian Outsourcing Awards for Excell...
» SoftOne Romania becomes operational hu...
» Alten opens a delivery center in Iasi
 
EDITOR CHOICE
TELUS International Europe: E-book: How to select the right Key Performance Indicators (KPIs) in the contact center

Modern technology has given us the ability to quantify almost every action, including those taking place in the contact center. By monitoring and measuring business activities, companies have a greater ability

 Read Full article »
OT Learning & Development Roundable takes place on June 15th

On June 15th, Outsourcing Today organizes OT Learning & Development roundtable. The event brings together the business services professionals to discuss and discover new tools and programs designed to assist bu

 Read Full article »
Romanian Outsourcing Awards for Excellence 2017 applauds its Winners!

Outsourcing Today, the integrated communication platform of the business services sector and The Diplomat – Bucharest is honored to praise its winners awarded at The Third Edition of Romanian Outsourcing Awar

 Read Full article »
Romanian Outsourcing Awards for Excellence 2017 - Finalists Announcement

Outsourcing Today, the integrated communication platform of the business services sector and The Diplomat – Bucharest, present the Third Edition of Romanian Outsourcing Awards for Excellence, on May 11, 2017

 Read Full article »
TELUS International Europe: Turning a satisfied customer into a loyal customer – Q&A with a hospitality expert

Leonardo Inghilleri literally wrote the book on customer service in the hospitality industry - and an international bestseller at that.

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events