Private company employees' salaries have risen this year by 4.3%on average, but the employees have not felt the salary hikes in thereal purchasing power as the almost 7.6% inflation actually pointsto negative growth, reveals PayWell Romania 2010 salary and perksurvey conducted by PricewaterhouseCoopers (PwC) Romania audit andconsulting services firm.
"In 2010, we're speaking for the first time of negative growth aspeople have seen their purchasing power decline as the inflationtops the initial salary raise forecast. We've noticed that yearendbudgets differ from the forecasts at the beginning of the year andthe salary increase operated subsequently is even lower," maintainsHoraţiu Cocheci, a manager with the HR consultancy unit ofPwC.
The Paywell survey includes 150 companies, most of themmultinationals, with over 140,000 employees in nine fields ofbusiness. The data were collected in the first six months of theyear.
Whereas last year the salary increases operated by privatecompanies (by 7.2%) managed to cover the inflation rate (of 5.6%),this year increases can hardly cover half of the inflationvalue.
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