Each Romanian employee in a multinational generated an annualgross profit of 5,898 euros in 2009 to foreign investors,surprisingly nearly 8% higher than that generated by a WesternEuropean employee, shows a survey conducted by audit and consultingfirm PricewaterhouseCoopers (PwC) Romania. In the preceding year,the annual gross profit per employee had been 2.910 euros, but theredundancies led to a profit increase. The results are unexpected,considering that the GDP per capita in Germany, for instance, isfour times as high as in Romania.
"Companies get a higher return on human capital as compared withthe pre-crisis period, but this does not mean employee productivityhas risen. Return on human capital in Romania went up 20% against2008 because labour costs are over 50% lower than the Europeanaverage," said Peter de Ruiter, partner and leader of the fiscaland legal consulting department of PwC.
Each Romanian employee in a multinational generated a 102% highergross profit against 2008.
The survey involved 58 companies of which 76% are privately heldforeign companies. Nearly half of them have at least 1,000employees and revenues above 100 million euros.
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