Businesspeople and consultants: Tax incentives needed now for hiring to rebound

Tax relaxation, extending the period over which temps are hired, exempting companies that create new jobs from payment of social security contributions (CAS) for a certain period, hiring the unemployed, usage of EU funds, and resumption of lending are the main steps that could see employment rebound, say businesspeople and human resource specialists.
A simplified tax system and the granting of incentives to private sector employers could attract new foreign investments because Romania needs an attractive tax system at a time when the pressure of personnel spending is felt both by the private sector and by the public sector. The state should encourage any kind of work, not just full-time jobs with fixed-term employment contracts.
"Temporary jobs, flexible jobs, part time jobs, project-based jobs, personnel leasing are very much appreciated in western economies, where they account for a large share of all jobs, while here in Romania, despite being regulated, such jobs are not sufficiently encouraged," says Sorin Faur, regional HR coordinator of BDO Balkans, who oversees human resource operations of the audit and consulting firm in seven countries.