Romanian employees’ profitability grew by 4 pct in 2014

Human capital return on investment (HC ROI) in Romania rose 4 percent last year to 1.30, calculated as the number of monetary units generated by each employee for each monetary unit invested in its salary, according to the PwC Saratoga 2014 study.

Seen in European context, the profitability of human capital in Romania is 16 percent higher than the European average (1.12) and than averages of Central and East European countries (1.28), a PwC Romania press release shows.

“In conditions in which company incomes in Romania did not grow significantly last year and salaries remained relatively constant, the slight increase came from efficient indirect costs of companies, important investments in modern IT systems which led to improved productivity,”said Horatiu Cocheci, senior manager, the leader of the human resource consulting team at PwC Romania.

Employees in the financial service saw their profitability double, from 0.92 percent to 1.97 percent. On the other hand, the pharmaceutical sector was less than fortunate with return on investment for its employees dropping from 2.01 percent to 1.6 percent. Drops were registered for consumer goods (1.23 versus 1.5) and industrial products (1.11 versus 1.34) and remained at the same level in the retail sector (1.03).

The study PwC Sataroga Romania presents exhaustive data about efficiency indicators of human capital based on data collected from 80 companies participating in five economic branches (pharmaceutical industry, consumer goods industry, industrial products, retail and financial services.)

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