“Technological innovations transform industries and business models. These fast evolutions will have a major impact on the labor market, on educational systems and will generate serious challenges for regulatory systems. In this climate dominated by uncertainty and change, entrepreneurs are the ones seeing opportunities and continue to generate jobs at a faster pace than the rest of employers,” said Bogdan Ion, country managing partner at EY Romania.
64% of the total number of employees within active companies work within Romanian entrepreneurial companies, according to a research released last year.
Considering the changes anticipated on the labor market in 2016, entrepreneurs forecast a 9.3% increase in their staff numbers and expect 12% of the new employees to be youths at their first job. According to the study, the more a company focuses on innovation, the more its staff numbers will grow at a faster pace.
Entrepreneurial companies generating a change of rules in the sector in which they operate (disruptive companies) expect an increase of 18% in staff numbers in 2016, which translates into a double percentage compared with the global average figure.
Worldwide, according to the EY study, 59% of entrepreneurial companies plan to raise the number of employees in 2016, which is significantly higher than 47% in 2015. This percentage is more than twice as high as the percentage of corporations (28%) planning to hire this year.