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On Labour and HR. Valentin Pauna. How much does it cost a day’s labor in Romania ?. 300mio EUR (66% GDP:254 days) How does this compare? [e.g. CH 500mio EUR per workday] GDP/ worked hours index. Valentin Pauna. YOY GDP growth real - election years highlighted. - PowerPoint PPT Presentation
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Valentin Pauna
On Labour and HROn Labour and HR
© real,- 2012
How much does it cost a day’s labor in Romania ?
GDPSalaries & Wages Yr.
Salaries & Wages daily
mEUR mEUR mEUR/day2000 80,985 53,450 2102001 85,485 56,420 2222002 89,789 59,261 2332003 94,518 62,382 2462004 102,529 67,669 2662005 106,758 70,460 2772006 115,217 76,043 2992007 122,442 80,812 3182008 131,442 86,752 3422009 122,125 80,602 3172010 120,505 79,533 3132011 120,929 79,813 314
300mio EUR (66% GDP:254 days)
How does this compare?
[e.g. CH 500mio EUR per workday]
GDP/ worked hours index
Valentin Pauna
© real,- 2012
YOY GDP growth real - election years highlighted
Valentin Pauna
Est. 2012 World Bank 2% (vs. 2.5% PY)
© real,- 2012
Avg monthly net salary - both nominal and adjusted for inflation
72% overall
43% between 2008 - 2005
-4% 2011 vs. 2008 real terms
Election years?
In real terms 7% 2004 vs PY
15% in 2008
Valentin Pauna
© real,- 2012
Low occupation rate 59% vs 66% EU
Active 10* mio (15-64) Occupied 5.2 mio 1.2 mio public sector 3.4 mio private sector 0.6 mio PfA
1 miogrow to eat
Informal sector** 2.4 mio 2.4 mio black / grey market
Pensioners 5.6 mioRegistered unemployed 0.7 mio
High employment taxes at 44% (for all in 2,000 RON p.m.)
Decrease tax on labour
Valentin Pauna
Disclaimer: all figures before the census
© real,- 2012 6Valentin Pauna
90’s Setting up HRSetting up HR
© real,- 2012 7Valentin Pauna, Human Resorces Director
Late 90’s – early 2000 Getting localGetting local
© real,- 2012 8Valentin Pauna
Mid 2000 Getting ready for EUGetting ready for EU
© real,- 2012 9Valentin Pauna
2008 Living with crisisLiving with crisis
© real,- 2012 10Valentin Pauna
Forward looking..
To From
Hiring and firing &Managing employment risk
Give a sense of purpose & Workforce alignment
