Romania is making progress each year in reducing gender inequalities in the labour market, but the gender pay gap remains above 20% in 2024, according to the "Gender Pay Gap" analysis conducted by PwC Romania, based on data collected in the Paywell 2024 survey.The gap is calculated as the ratio between the average salary of men and that of women. The gap decreased from 21.6% in 2023 and 23.3% in 2022."Gender salary inequality is no longer a new topic in Romania, but it is still treated superficially, without support from analysis and objective data. Our study within medium and large companies in the private sector shows that certain segments still have gaps, some of them significant. The way we measure, in line with the CSRD reporting requirements and the Transparency Directive, reflects the under-representation of women in well-paid professions or positions, which is the result of various human resources practices, as well as social practices (...)," said Oana Munteanu, Director of People & Organization at PwC Romania, as quoted in the press release.The main findings of the study are as follows: women tend to occupy lower-paid jobs than men (75% of female employees are in the lowest-paid quartile, while the percentage in the highest-paid quartile drops to 54%. The study sample consists of 64% women and 36% men, and ideally, the quartile distribution should reflect the sample composition.) Men receive bonuses that are 19% higher than those of women. The largest salary differences are found in the banking sector (30.18%), pharmaceuticals (16.11%) and retail (14.82%), as well as at operator function level (19.2%), while the smallest differences are at the top management level (5.76%). Differences increase with age.According to the research, the smallest pay gaps are found in technology (11.26%), while in industry and BPO, women earn 5.51% and 1.46% more, respectively.The EU Directive on Pay Transparency and the Corporate Sustainability Reporting Directive (CSRD) strengthen the principle of "equal pay for equal work," imposing pay transparency and enforcement mechanisms.The study also shows that the gender pay gap in 33 OECD countries is 13.1%.The PayWell 2024 survey, conducted by PwC Romania, includes over 160 companies across 7 sectors, with more than 125,000 employees and 1,600 unique positions reported.PwC represents a network of firms present in 149 countries with more than 370,000 professionals providing services in business consulting, audit and tax consulting.
HILS Development has announced a EUR 200 million investment in a new large-scale mixed-use residential project in northern Bucharest, marking the company’s expansion into one of the capital’s most dynamic growth areas. The development, called HILS Nord, will span 10 hectares near Lake Șaulei and feature 2,705 apartments alongside green spaces, retail areas, and other […]
The “Dimitrie Gusti” National Village Museum in Bucharest is set to host the Saint Andrew Fair between November 29 and December 1, celebrating both the Day of Saint Andrew the Apostle, the Protector of Romania, and December 1, Romania’s National Day. The museum will set up small shops for skilled craftsmen who will bring traditional […]
The Japanese premium skincare brand Onshindo Osaka officially enters the Romanian market through its exclusive distributor, Pharma Brands, marking a new milestone in its European expansion strategy. Following its successful launch in Spain, the company aims to capitalize on the growing interest of Romanian consumers in premium skincare products with clinically proven efficacy and authentic […]
Honor appointed Kerr Cheng as the new country manager for Romania, placing him at the helm during a “key phase” of the brand’s expansion in Central and Eastern Europe. The company said Romania remains one of its most dynamic and strategically important markets in the region, and Cheng will be responsible for accelerating local growth […]
Romania has closed its participation in the 2025 Venice Architecture Biennale with the conclusion of Human Scale, the exhibition presented in the Romanian Pavilion at Giardini della Biennale and in the New Gallery of the Romanian Institute of Culture and Humanistic Research. Meanwhile, the project’s official catalogue has been made available to the public. The […]
The forests around the mountain city of Brașov and the Postăvaru Massif may be home to the largest densities of large owls in the world, according to a study by biologist Călin Vasile Hodor from Wildlife Management Consulting and professor Dan Traian Ionescu from the Faculty of Forestry Brașov, as quoted by BizBrasov.ro. The study […]
