What companies think about the way out of the economic crisis generated by the pandemic

About 46% of Romanian companies say they are not affected by the economic crisis, and 60% believe that this year they will recover and reach the level they were before the pandemic, according to the Randstad Romania HR Trends 2021 report.

At the same time, 15% of employers will increase wages more than inflation, and most jobs will be in IT, sales and production.
However, only 25% of companies expect an increase in sales in the current year, down sharply compared to 2019, when the share of companies that said this was 70%.

Over 40% believe that economic uncertainty is a major threat to their business, 4% fear bankruptcy, and 2% are worried that they will not make payments on time.

As a business recovery measure, 43% of companies have a temporary restructuring plan. The main three key elements for attracting top talent are the same from 2019: the competitive salary package is the decisive element, with a decrease in weight from 77% to 67%, job security has increased from 47% to 59%, and the existence a career plan, from 34% to 45%.

60% report that the salaries offered by their companies did not change during the pandemic, and 30% show that they have increased. Only 4% reported salary reductions, starting with March 2020 and for 2021 only 1% expect this.

The number of companies offering health insurance and flexible working hours has increased compared to 2019, most likely under the influence of the effects of the pandemic.
84% of respondents expect to continue working at home and after the crisis, and 71% want to implement hybrid models, working remotely and in the office.

Nearly 50% will start hiring in the next six months, and 30% plan to keep the number of employees at the same level until the economy and business grow.

The report was conducted on 201 companies in Romania, from various industries, including 65% multinational, 25% national and 11% local. Organizations employing more than 500 people account for 32% and more than half of respondents work in human resources.

Source: Jurnalul.ro by jurnalul.ro.

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