Romania: Salaries For Entry-level Positions Down 50%

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Romania: Salaries For Entry-level Positions Down 50%

Young people who are just starting their career and entry-level employees are some of the most affected by the current economic context, Standard.ro reports.

The job supply for these categories is almost non-existent, and salaries for entry-level positions fell by up to 50 percent, according to officials of recruitment companies.

"Salaries for entry-level positions at the moment when the contract is signed dropped 30-50 percent. You can find a fresh graduate with €400-500 now, compared to last year, when a young person applying for a job in a bank demanded a salary between €800 and €1,000. Moreover, companies pay more attention to the skills of applicants," the Managing Partner of the Hart Human Resource consultancy company, Madalina Balan.

George Butunoiu, specialist in executive search, said that companies are taking advantage of the current context to replace their employees - either the poor-performing ones, or the average or even good ones - with even better ones, at all levels: top, middle, and entry.

According to an analysis by Business Standard, based on data provided by the Ministry of Education, the Ministry of Labor, and recruitment companies, over 100,000 young people will graduate faculties with economic and law profile, medicine and pharmacy, IT and engineering, while the number of vacancies does not exceed 5,000.

One of these people, N.B., who graduated the Faculty of Foreign Languages and Literature, found a job in Bucharest for a monthly salary of €150. "After four months of search, during which time I sent over 50 applications, I was called at only three interviews. In the end, I got a job as assistant manager within a law firm, for €150 per month," N.B. Said.

Source: Standard.ro

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