This was due to a positive evolution of the economy, the raise in minimum wage starting February 1, and an upward trend in hiring in various sectors.
“Workforce shortage in sectors like IT&C, medical, automotive also had a positive impact on wage raises in the first quarter. Employers developed clear strategies to attract and retain employees and offering competitive salaries was one of the most important factors,” said Adrian Stanciu, Smartree CEO.
Stanciu added companies that offered wage raises in the first quarter are those in electronics and hardware, tech products and services, automotive industry, the pharmaceutical and medical sectors.
Apart from money, many companies offer other bonuses and benefits such as meal tickets, private healthcare subscriptions, cover transport costs, gym subscriptions, gift vouchers, and occasional bonuses.
The number of employees in the Romanian private sector grew 13% on the year in the first quarter, mainly in the pharma & medical sectors, software development, shared services, automotive, but also retail, including FMCG.
The Smartree Workforce Index considers over 200 private companies in various industries with an average turnover of over EUR2.5 billion.
Smartree was established in 2000 and provides a wide range of services, from payroll, staff management, analysis and reporting for management, recruitment, temporary labor, to consulting services.