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Smartree: Over 75 per cent of large companies offer benefits to their own employees

According to Smartree, one of the leaders in Romania in the HR outsourcing market, the benefits provided by Romanian employers have become increasingly varied and creative as a method of retention and loyalty of employees.

2018-02-22 18:02:49

They add to meal vouchers or transport remittance, as benefits to be included in the bonuses package. Employers now offer a much more complex system from this point of view: gift vouchers, medical subscriptions, SPA salons - beauty, sports, paid excursions, relaxation rooms, office fruit. These include the ability to work from home or the option to purchase products and services at discounted prices.

"The benefits are a solid tool for motivating employees, stimulating performance and preserving their loyalty in the long run, as well as attracting new candidates involved in recruitment processes. Implemented in a coherent, correct and transparent manner and taking into account market trends and company resources, this bonus system can lead to increased retention of employees,"said Raluca Peneş, HR Coordinator Smartree.

According to Smartree findings, the average value of company benefits at 2017 was 11 per cent higher than in the previous year, with a 25 per cent increase in December 2017 as compared to December 2016. The year-on-year increase was triggered by the implementation of bonus programs by companies that quickly adapted to market requirements to loyalty to their employees, but also with the objective of attracting other candidates.

In 2017, 79c of the Smartree customers offered various benefits to employees, up 4 per cent over the previous year, while 8 per cent of them provided benefits in a differentiated way, depending on the policy of each entity in the group. A percentage of 13 per cent of Smartree customers did not offer benefits to their employees last year.

"Given that the labor market was very competitive in 2017, more and more companies have deployed new benefit systems by expanding these policies across all departments. At the same time, there are also multinational companies that have already announced their decision to enter the Romanian market in 2018, which will force current employers to continuously maintain and adapt these benefit systems to motivate existing employees, but also to attract new potential candidates, "added Raluca Peneş.

For the current year, company representatives estimate a 10 per cent increase in average earnings for employees, amid an increasingly dynamic labor market. Also, in 2018, employers will look for increasingly unconventional methods of loyalty to team members, focusing on non-financial options for the benefit package.










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