“Although we see a reduction in termination rate for blue-collar workers, there was an increase of this rate for administrative staff, highlighting employers’ pressure on the support departments. Also, taking into account the decrease in external recruiting rate (from 14.1% to 11.9%) we see the continuation of employers’ efforts to optimize the personnel scheme, according to the new corporate mantra “do same with less”, said Horatiu Cocheci, Senior Manager, Leader of the Human Resources Consulting Services, PwC Romania.
Looking from a sector perspective, a higher than average rate is noticed in retail (a sector that has traditionally a large employee turnover), as well in the FMCG sector (8% higher than last year), which underlined the massive personnel restructurings that took place in this sector lately. On the other hand, in the pharma and industrial production sector, the employee turnover was below market average.
The retail sector witnessed a termination rate of work contracts of 41.9% last year, above the national average and higher by 0.2 percentage points against 2013, while the FMCG sector saw a termination rate of 23.4% (higher than 15.5% in 2013), triggered by massive staff restructurings lately.
The financial services sector saw a 17.3% termination rate of work contracts in 2014, lower by 0.2 percentage points from a year ago, while the pharma industry and industrial products sector witnessed termination rates below the national average, of 9.1% (lower than 9.4% in 2013) and 9.9% (lower than 14.7% in 2013), respectively.
“Another characteristic of the recession and post-recession period is an increase in work absenteeism. Although Romania remains below European average when it comes to work absenteeism, there an increase from 1.5% to 2.4%, especially amidst specialists (from 2% to 2.4%) and blue-collar workers (from 2.6% to 3.1), especially in the FMCG sector,” according to the survey.
The absenteeism rate reached 3.8% in CEE last year (lower than 4.3% in 2013) and 3.5% in Europe, below 4.2% in 2013.
The PwC Saratoga Romania 2014 survey presents comprehensive data on specific Human Capital indicators based on data collected from 80 participating companies from five industry sectors (pharmaceuticals, FMCG, Industrial products, retail and financial services).