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
Smartree: Software development field interests Romanians living abroad

Romanians abroad wishing to return to the country could be attracted by the IT domain, and more precisely the software development branch, according to a study conducted by Smartree.

 Read Full article »
Norwegian software developer leases 4.200 sqm in Iulius' Unites Business Center 3

Iulius Company and Visma Software, a Norwegian developer of business management software solutions, have signed a lease agreement for office premises within the United Business Center 3 (UBC 3) office building

 Read Full article »
Oracle hires 1000 sales representatives to boost cloud services in EMEA

Oracle announced 1000 new jobs in Europe, Middle East and Africa. Under the Change Happens Here banner, the company is hunting for the next generation of ambitious, driven, digitally savvy Sales Representative

 Read Full article »
Academy Plus programming school opens at Bucharest with 120 available places

ACADEMY+PLUS, the free of charge programming school launched three years ago at Cluj in partnership with École 42 in Paris, opens also at Bucharest with 120 available places to those who want to learn programm

 Read Full article »
AI to drive GDP gains of 15.7 trillion dollars with productivity, personalisation improvements

Global GDP will be 14% higher in 2030 as a result of AI – the equivalent of an additional 15.7 trillion US dollars, a recent research report of PwC states. This makes it the biggest commercial opportunity in

 Read Full article »
TotalSoft appoints Adina Gurgu as Chief Technology Officer

TotalSoft, one of the leading ERP and financial solutions providers internationally, announces the appointment of Adina Gurgu as Chief Technology Officer (CTO), who will be starting August responsible with spea

 Read Full article »
Czech ALEF Group acquires local company and enters Romanian market

Czech IT systems and equipment supplier ALEF Group announced it had acquired Romanian peer company Likeit Solution for an undisclosed sum.

 Read Full article »
3Pillar Global expands with third development center in Romania

US-based IT services provider 3Pillar Global will open the third development center in Romania this August, in Iasi, to be locatedin Moldova Business Center.

 Read Full article »
DB Global Technology reaches 800 people, 150 people joined this year

B Global Technology, Deutsche Bank's technology center in Bucharest, has reached the 800 staff milestone, with over 150 people joining the team in 2017.

 Read Full article »
Regional operations centers give Romania's real estate market a boost

With a 4.8 per cent GDP growth in 2016 and the highest estimated growth rate in 2017 among EU member states, Romania has become an increasingly attractive destination for regional operations centers.

 Read Full article »
 
MOST RECENT VIDEO
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» EY: Work-life balance has become more ...
» Stefanini officially launches the offi...
» Romania ranks second in Deloitte's CE ...
» Welcome onboard!
» Exclusive OT print issue: Genpact may ...
» Bombardier: from Bucharest subway to t...
» Endava and Worldpay to create a center...
» GM to open a call center at Bucharest
» Manpower:Romania has world's third hig...
 
EDITOR CHOICE
EY: Work-life balance has become more difficult to be managed by one third of full-time employees in 8 large countries

EY's global survey of full-time workers in eight countries finds that one-third say managing work-life has become more difficult, with younger generations and parents hit hardest.

 Read Full article »
Welcome onboard!

By 2020, some 200.000 people are expected to work in business shared services in Romania, doubling the current employment portfolio enrolled in more than 120 companies operating BPO, SSC or ITO services. Howeve

 Read Full article »
Thierry Blain, SG EBS: Bringing teams to the next level

The journey of Societe Generale European Business Services began with the need for a strategic location to sustain and transform European operations of Societe Generale Group. The purpose was, from the early da

 Read Full article »
TELUS International Europe: Issue 3 - Customers First magazine! Strategy and innovation in travel and hospitality

The third issue of our Customers First magazine is now available! The latest edition is all about travel and hospitality, featuring insights from industry experts and top brands like JetBlue, Turo, Joie de Vivr

 Read Full article »
The future is now - Review of Romanian Outsourcing Summit, 2017

Romania delivers services in 25 languages with more than 100,000 specialists employed in the outsourcing industry and business services, and based on an estimated growth of 15-20 per cent, it is estimated to re

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