Telecom operator RCS&RDS (11,100 employees), do-it-yourself retailer Dedeman (9,200) and Banca Transilvania (7,700) are the biggest Romanian-held employers in October, after having hired more than 1,500 people since the beginning of the year.
The top ten Romanian-held employers have fewer than 50,000 employees together, while the number of employees of the top ten multinationals in the country stands at more than 112,000.
Official data also show that the employees working for the top ten foreign employers generate four times more revenue than the employees working for companies owned by local entrepreneurs.
“The revenue per employee in multinationals is almost double than in Romanian companies. This shows labor productivity in multinationals is clearly higher, as a result of a better management and of the existence of a system with well-designed procedures, which lowers the potential losses, mistakes and so on,” said Professor Ionut Pandelica, Ph.D., with the Management and Marketing Department of the Romanian-American University and the Business Administration (UNESCO) department of the Bucharest University of Economic Studies.
Multinationals have more employees and higher revenue than Romanian companies also because they have a global vision, compared with the local vision of Romanian companies, but also because of the support they get from the authorities, which has been significantly greater for multinationals, Professor Pantelica added. They also have the technological advantage and the easy access to know-how.
(English version by Loredana Fratila-Cristescu)