“The Romanians’ spending power has grown significantly in the last years, the salary rises have been very high, but they are above the productivity. In Romania, the personnel shortage in certain sectors has put pressure on the pay rises, while in the euro zone’s developed countries the salaries grew very little in the last years”, Dumitru added.
“The financial crisis has affected most of the developed economies, including Spain, Switzerland and Germany, which had ranked better in the previous year. Romania, moreover, has the highest economic growth rate in Europe and benefits from a significant wave of foreign investment, that has put extra pressure on the companies, deepening the already existing talent crisis”, Meintassis said.
“A foreign manager might consider convenient to be re-located to Romania, if we take into account the cost of living, which is much lower than in the West”, said Florin Pogonaru, the chairman of the Romanian Businessmen’s Association. He added that the best-paid managers in the local market are those in real estate, while the managers in the textile sector are among the worst paid.