Rising payroll or benefit taxes and the challenges of finding the right employees are causing companies in the industry to have a less optimistic outlook for the coming year, while a lack of predictability may impact the number of investors, reveals a report by the Association of Business Service Leaders (ABSL), conducted together with PwC consulting company.According to the source, the majority of companies in the industry (77%) have seen an increase in the number of customers and services delivered, while the increase in the number of employees has been 10% over the last two years.The report also shows that only 64% of industry companies expect turnover to grow this year, compared to 70% last year, and 33% of companies expect turnover to be similar to last year, compared to 25% in the 2022 report.Human resources and their availability continue to be the biggest challenge for the sector, with growth prospects also cautious in this direction. The ABSL report estimates 10% growth for the next two years.Industry companies increased wages in 2023 by an average of 9% and estimate 7% growth in 2024.According to the report, with an average gross salary of 11,637 lei, the business services industry remains the industry with the highest average basic salary. This industry was in the top 3 in 2022 in terms of wage growth, with 11% (after insurance and retail).Compared to previous years, the number of temporary employees (freelancing, consultants) increased 50%. This year, 46% of companies had such collaborations for services such as IT and technology, finance, procurement and customer operations.At the same time, the number of companies employing expatriates went up 27% compared to last year. Companies chose to hire staff from other countries for services provided in lesser-used foreign languages (59% of cases), as well as due to a lack of human resources in the country (44% of cases).The latest data shows that the revenue generated by the industry for business was 9 billion euro. Also, the contribution of this sector to the GDP in Romania is higher than the European average in recent years.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
