Human capital return on investment in Romania rose 4 percent last year to 1.30, calculated as the number of monetary units generated by each employee for each monetary unit invested in its salary, according to the PwC Saratoga 2014 study.
Seen in European context, the profitability of human capital in Romania is 16 percent higher than the European average (1.12) and than averages of Central and East European countries (1.28), a PwC Romania press release shows.
“In conditions in which company incomes in Romania did not grow significantly last year and salaries remained relatively constant, the slight increase came from efficient indirect costs of companies, important investments in modern IT systems which led to improved productivity,”said Horatiu Cocheci, senior manager, the leader of the human resource consulting team at PwC Romania.
Employees in the financial service saw their profitability double, from 0.92 percent to 1.97 percent. On the other hand, the pharmaceutical sector was less than fortunate with return on investment for its employees dropping from 2.01 percent to 1.6 percent. Drops were registered for consumer goods (1.23 versus 1.5) and industrial products romania (1.11 versus 1.34) and remained at the same level in the retail sector (1.03).
The study PwC Sataroga Romania presents exhaustive data about efficiency indicators of human capital based on data collected from 80 companies participating in five economic branches (pharmaceutical industry, consumer goods industry, industrial products, retail and financial services reports .(Source: balkans.com)
Romania registered progress lately, but the dispute between the premier and president could slow down reaching political stability, according to the Political Risk Map 2015 made by Marsh, a global leader in insurance broking and risk management, which attributes a score of 62.7 points out of 100, where less than 49 means political instability.
Considering the elections and the efficiency of adopting laws, Romania gets 62.7 points on a scale from 0 to 100, where 49 means political instability, according to Marsh, a global brokerage company dealing with insurance and risk consulting. . In the area, Moldova, Ukraine and Serbia are considered with high risk, with scores under 49, while Bulgaria is between 50 and 59 points. real estate bucarest romania
The only countries in Europe with points close to 100 are Switzerland, Denmark, Norway and Sweden. According to the report, the increase of geopolitical tension, political violence and separatist movements, next to the drop of raw material prices, worsens political risks at world level and represents the main obstacles for direct foreign investments.
Romania’s economy presents one of the most rapid growths in Central and Eastern Europe in the following years while household expenses start to recover. At the same time the government will spend more to back economic growth, the document shows.
Because of slowing down exports the economy will try to find a domestic model. More action will be needed to remove corruption, to improve the absorption of European funds and to diversify the kind of products exported so that the country could return to the increase before the crisis. Romania has a score of 59.2 for short time economic risk, the press release mentions.
For operational risk, Romania gets 58.8 points, ranking 50th. The country score is poor for the “logistic risk”component - 52.4 points. This partly reflects the underdeveloped road network of the country, where the lack of highways is a special problem. Although Romania has made progress in improving the transport network in past years, a low absorption rate for European funds will limit development in the years to come, the report points out.
Another problem identified by the report is the impact the fall of oil may have as raw material on countries depending on it. While a lower price may have positive impact in case of countries importing oil, a longer period of low prices could negatively affect countries based on oil imports. Iran, Angola, Chad, Venezuela and Equatorial Guinea are considered with increased risk for the deterioration of the political risk in case the price of oil continues to drop.
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