Latest News  

Smartree: Over 75 per cent of large companies offer benefits to their own employees

According to Smartree, one of the leaders in Romania in the HR outsourcing market, the benefits provided by Romanian employers have become increasingly varied and creative as a method of retention and loyalty of employees.

2018-02-22 18:02:49

They add to meal vouchers or transport remittance, as benefits to be included in the bonuses package. Employers now offer a much more complex system from this point of view: gift vouchers, medical subscriptions, SPA salons - beauty, sports, paid excursions, relaxation rooms, office fruit. These include the ability to work from home or the option to purchase products and services at discounted prices.

"The benefits are a solid tool for motivating employees, stimulating performance and preserving their loyalty in the long run, as well as attracting new candidates involved in recruitment processes. Implemented in a coherent, correct and transparent manner and taking into account market trends and company resources, this bonus system can lead to increased retention of employees,"said Raluca Peneş, HR Coordinator Smartree.

According to Smartree findings, the average value of company benefits at 2017 was 11 per cent higher than in the previous year, with a 25 per cent increase in December 2017 as compared to December 2016. The year-on-year increase was triggered by the implementation of bonus programs by companies that quickly adapted to market requirements to loyalty to their employees, but also with the objective of attracting other candidates.

In 2017, 79c of the Smartree customers offered various benefits to employees, up 4 per cent over the previous year, while 8 per cent of them provided benefits in a differentiated way, depending on the policy of each entity in the group. A percentage of 13 per cent of Smartree customers did not offer benefits to their employees last year.

"Given that the labor market was very competitive in 2017, more and more companies have deployed new benefit systems by expanding these policies across all departments. At the same time, there are also multinational companies that have already announced their decision to enter the Romanian market in 2018, which will force current employers to continuously maintain and adapt these benefit systems to motivate existing employees, but also to attract new potential candidates, "added Raluca Peneş.

For the current year, company representatives estimate a 10 per cent increase in average earnings for employees, amid an increasingly dynamic labor market. Also, in 2018, employers will look for increasingly unconventional methods of loyalty to team members, focusing on non-financial options for the benefit package.










0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
Co-working hubs get big on the office market in Bucharest

In the first half of this year, coworking spaces operators are said to have rented office space of nearly 20,000 square meters in existing or emerging buildings in the capital, accounting for 13.4 per cent of t

 Read Full article »
Stefanini achieves 2 digit growth for the 5th consecutive year in Romania and EMEA

Stefanini Romania increased its net turnover by 13.5 per cent last year, to 38.8 million Euro. The company has also seen an important 12 per cent growth at EMEA level last year, where it registered revenues of

 Read Full article »
Ubisoft Coding Campus records 1,000 applicants for 24 positions

Ubisoft, one of the entertainment industry leaders, announces the start of the Coding Campus courses, a 6-month international accelerated learning program based on a curriculum developed by Ubisoft's online pro

 Read Full article »
CBRE: Building owners choose to outsource their property management

According to the latest findings of real estate consultant CBRE, the percentage of outsourcing of property management services has increased over the last few years in retail and office segments; In 2017, 79 pe

 Read Full article »
Veeam launches the global CSR program Veeam Cares and donates toys for 50 children of Hercules Association

Veeam launches the global CSR program by introducing the Veeam Cares initiative, encouraging its employees from around the world to engage in voluntary activities for the benefit of selected NGOs.

 Read Full article »
Zitec launches its new office space of 1,700 sqm in Timpuri Noi Square

Zitec, specialized in the development of personalized technology solutions, services and products, announced it launched its new headquarters in the Timpuri Noi Square office on a surface of 1,700 square meters

 Read Full article »
SAP will "adopt a school" also in Cluj-Napoca, Timisoara and Bucharest

SAP continues in 2018 the project Adopta o Scoala (Adopt a School) through which the company's employees support Scratch programming courses in three primary schools in Bucharest, Timisoara and Cluj-Napoca.

 Read Full article »
CBRE advises London Stock Exchange Group in Romania

CBRE, the world and local market leader in real estate consultancy, advised London Stock Exchange Group (LSEG) in the leasing transaction of 3,000 sqm office space for a new Business Services Centre in Buchares

 Read Full article »
Portland Trust unveils the new symbol of Oregon Park

Closely related to events celebrated in 2018, the year of Romania's 100th anniversary, Portland Trust unveiled the statue that will highlight the identity of the award winning office complex Oregon Park.

 Read Full article »
96% of the first generation of ABSL Master's graduates were employed in business services

96% of the first generation of ABSL Master's graduates were employed in the same field they have studied - business services, within the member companies of the Association of Business Leaders in Romania (ABSL)

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Committed to growth
» The Outsourcing industry announces its...
» Genpact's COO: Staying ahead of the cu...
» PwC: The competitive advantages of Rom...
» Zitec's digital marketing division reg...
» Luxoft expands Asia Pacific presence w...
» EXCLUSIVE: ABSL Timisoara - BPO and SS...
» Olga Botusan, Stefanini: There is a hu...
» How does leadership look today?
 
EDITOR CHOICE
In the search of the best next available resource, human or not

With the work demand expressed for the "traditional" job openings in ITO, HRO, BPO or SSC, the question formulated by the industry stakeholders points to some concerns regarding the future availability of the s

 Read Full article »
Competing in outsourcing: racing of endurance and skills

As Romania's outsourcing sector is currently estimated to employ more than 100,000 people, a constant evolution in the past years (with 15.000 employees registered in 2007), the local market is a popular nearsh

 Read Full article »
How to become people savvy?

The discussions in the panel of this summer's OT Learning and Development's roundtable underlined the necessity of providing the learning and the knowledge transfer when the necessity occurs, customized and app

 Read Full article »
From a Romanian business venture to a place called home

Vivek Bakshi, the General Manager of International Operations (Europe) at Wipro Technologies has spent more than a decade in Romania, heading the Wipro's International Locations/ Delivery Centers Europe from Bu

 Read Full article »
George Didoiu, Colliers: The trend in office development is going towards an area where people are encouraged to interact

The co-working spaces are already present and gaining grounds. The classical close-doors offices will be rare and a strong trend is to include features now present in the hospitality area in the company offices

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events