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Smartree: Romanian private sector wages up 7 pct on average in H1

HR outsourcing consultancy Smartree says that wages in the private sector rose by an average of 7 percent in the first half of this year compared to the same period of last year, mainly due to the increase of the minimum wage and possible negotiations between companies and employees.

2017-08-07 19:51:57

The biggest increases in pay were recorded in the car parts manufacturing industry, pharma and software development, according to the Smartree Workforce Index.

In the first quarter of 2017, both the Economy Report and the Employee Well-being, the two indicators analyzed by Smartree Workforce Index, have registered a positive trend compared to the same period last year.

Thus, in the first quarter of 2017, the Economy Report increased by 14.24%, compared to the same period in 2016, while the Employee Well-being had a lower advance of 5.73%.The wages increased too by almost 14.28% compared to the first quarter of 2016, while the number of employees was almost similar, namely an increase of 13.35% over the same period.

In terms of Employee Well-being, bonuses recorded an advance of 5.72% compared to the first quarter of 2016. The number of days of annual leave increased by 18.24%, as did the number of sick days, namely by 8.57% over the first quarter of 2016. The percentages underlying Workforce Smartree Index Quarter 1 2017 are based on data analyzed by Smartree from over 200 multinational and local companies, with a total of over 450,000 employees and an aggregate turnover of over 2.5 billion euro. The data is anonymous and represent an indicator of the economic health, based on real time registration and measurement of the relevant changes in the labor market.


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