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March 29, 2023

EY Capital Confidence Barometer: 71 pc of active companies plan to hire

According to the EY Capital Confidence Barometer, 71 percent of businessmen in Romania, representing both foreign-owned and Romanian-owned companies, planned to raise their number of employees in 2016, according to a survey conducted early this year. 64 percent of the total number of people employed in active companies are working for Romanian companies, according to a survey launched last year.

Bogdan Ion, Country Manager Partner, EY Romania: “Technological innovations are transforming industries and business models. These rapid developments will have a significant impact on the labour force, on education systems, and will generate serious challenges for regulatory systems. In this climate dominated by uncertainty and change, entrepreneurs are the ones who see opportunities and continue to create jobs at a rhythm higher than that of the rest of employers.”

Bearing in mind the labour market changes forecast for 2016, entrepreneurs expect their labour force to grow by 9.3 percent and 12 percent of the new employees to be youth on their first job.

According to the survey, the more a company stresses innovation the more rapidly it raises its number of employees.

Alexandru Lupea, Partner and Strategic Growth Markets Leader, EY Romania: “The results of the survey are a warning signal for companies that are not focusing on innovation, change or unconventional business strategies, because they risk being overcome by disruptive players, the ones who, as the survey shows, seek to hire talents that would help them rapidly boost their business.”

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