PwC: As a first, Romanians' real salary increases were negative
Private company employees' salaries have risen this year by 4.3%
on average, but the employees have not felt the salary hikes in the
real purchasing power as the almost 7.6% inflation actually points
to negative growth, reveals PayWell Romania 2010 salary and perk
survey conducted by PricewaterhouseCoopers (PwC) Romania audit and
consulting services firm.
"In 2010, we're speaking for the first time of negative growth as
people have seen their purchasing power decline as the inflation
tops the initial salary raise forecast. We've noticed that yearend
budgets differ from the forecasts at the beginning of the year and
the salary increase operated subsequently is even lower," maintains
HoraĊ£iu Cocheci, a manager with the HR consultancy unit of
PwC.
The Paywell survey includes 150 companies, most of them
multinationals, with over 140,000 employees in nine fields of
business. The data were collected in the first six months of the
year.
Whereas last year the salary increases operated by private
companies (by 7.2%) managed to cover the inflation rate (of 5.6%),
this year increases can hardly cover half of the inflation
value.