Private sector wages in Romania rose by an average of 4.1 percent this year, says PwC

The gross average salary in the private sector increased by an average of 4.1 percent in 2014, while it the biggest growth rate of 8 percent was recorded in Timis County, according to the salary and benefits survey PayWell Romania of professional services firm PwC.

Gross wages in Bucharest moved up by 3.4 percent, while in Transylvania, Muntenia and eastern Romania the wages remained flat.

Horatiu Cocheci, leader of the human resources consultancy team at PwC Romania, pointed out that wages grew faster in western Romania because of the massive manufacturing presence of companies in this area and the shortfall in qualified staff such as engineers.

The study also shows that the wages of employees working in companies with a turnover of over EUR 20 – 100 million are 70 percent higher than of those working in companies with a turnover of under EUR 10 million and 8 percent biggest than those working in companies with a turnover of EUR 100 million.

Furthermore, in companies employing between 100 and 1000 people the wage is 71 percent higher versus companies that have less than 100 staff, and 16 percent higher than those companies with over 1,000 employees.

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“These differences are generated by the accelerated growth that characterizes, most of the times, this type of middle-sized organizations compared to big companies, which are more stable, and to small companies, which are building up their businesses. Moreover, these companies can afford to pay more to ensure that they will have a workforce capable of generating and sustaining growth,” stated Cocheci.

Ovidiu Posirca