BUSINESS

Salaries up by 5.1 pc on average in the private sector in 2012

The salary increase in the private sector reached 5.1 pc on average, according to this year’s edition of the salary and benefits survey PayWell, carried out by the human resources consultancy department of PwC Romania. This is a similar level of salary growth to the one registered in 2011.“The value comes close to the estimates at the beginning of this year, when companies were planning an average salary increase of 6 pc. Yet, the slightly lower actual salary increases performed by Romanian companies reflect the employers’ caution related to cost increases in a time of economic uncertainty due to the recession in the Eurozone,” stated Peter de Ruiter, Tax and Legal Services Leader, PwC Romania in a press release.  The economic sectors reporting above average salary increases were the auto industry (8 pc), IT, pharma and outsourcing (all around 6 pc), while in banking, retail, tourism and leisure the salary increases were below average. For 2013, the expectations are comparable to those of the previous years, as 41 pc of participating companies included salary increases in their annual budget forecasts, with an average salary increase of 6.1 pc.

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