Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania
Recently and especially within emerging economies such as Romania, most of the uncertainties and risks of the economic and business environment stem mainly from the changes in the wage and fiscal policies, as well as from the conditions on the labour market. In this paper we focus on the main causes...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2020-06-01
|
| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1455.pdf
|
| _version_ | 1818456323385196544 |
|---|---|
| author | Mădălina Ecaterina POPESCU Larisa STĂNILĂ Maria Denisa VASILESCU |
| author_facet | Mădălina Ecaterina POPESCU Larisa STĂNILĂ Maria Denisa VASILESCU |
| author_sort | Mădălina Ecaterina POPESCU |
| collection | DOAJ |
| description | Recently and especially within emerging economies such as Romania, most of the
uncertainties and risks of the economic and business environment stem mainly from the changes
in the wage and fiscal policies, as well as from the conditions on the labour market.
In this paper we focus on the main causes of personnel dynamics within the Romanian SMEs,
using survey data on 1200 companies. The survey was conducted at the end of 2019 and is
representative at national level in terms of size, regions and main fields of activity.
Through this survey analysis we investigate aspects related to both wage and personnel policy for
the Romanian companies, looking as the proportion of temporary employees, the types of nonwage
incentives offered by the Romanian SMEs to their employees and the participation of their
own employees in vocational training programs.
Among the most frequently offered non-wage incentives to their employees we identify: flexible
work schedule, subscriptions to medical clinics, meal vouchers or transportation to work. To a
much lower extent, however, they may offer subscriptions to gyms or even company shares.
Our findings highlight the following main determinants of recent personnel fluctuations: lower
wage attractiveness than competition, too high labour taxation, as well as limited attractiveness
of non-wage incentives to their employees. Moreover, it is relevant to also point out the proportion
of employees who decided to leave their job in order to start their own business, which represented
about 26% of the cases reported by the surveyed SMEs.
The regional analysis of the effects of these factors on personnel dynamics ranks the Bucharest-
Ilfov region first with the most notable recent personnel fluctuations, followed by the North-West
region. In addition, the results also show that the effects of personnel fluctuations are more visible
in urban areas as compared to the rural area. |
| first_indexed | 2024-12-14T22:24:51Z |
| format | Article |
| id | doaj.art-192c8718aaf8496ab0a3c02d8b7afead |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-14T22:24:51Z |
| publishDate | 2020-06-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-192c8718aaf8496ab0a3c02d8b7afead2022-12-21T22:45:23ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292020-06-01XXVII29510818418678Investigating personnel dynamics within SMEs: A survey analysis for the case of RomaniaMădălina Ecaterina POPESCU0Larisa STĂNILĂ1Maria Denisa VASILESCU2 Bucharest University of Economic Studies, Romania<br> National Scientific Research Institute for Labour and Social Protection, Romania National Scientific Research Institute for Labour and Social Protection, Romania Bucharest University of Economic Studies, Romania<br> National Scientific Research Institute for Labour and Social Protection, Romania Recently and especially within emerging economies such as Romania, most of the uncertainties and risks of the economic and business environment stem mainly from the changes in the wage and fiscal policies, as well as from the conditions on the labour market. In this paper we focus on the main causes of personnel dynamics within the Romanian SMEs, using survey data on 1200 companies. The survey was conducted at the end of 2019 and is representative at national level in terms of size, regions and main fields of activity. Through this survey analysis we investigate aspects related to both wage and personnel policy for the Romanian companies, looking as the proportion of temporary employees, the types of nonwage incentives offered by the Romanian SMEs to their employees and the participation of their own employees in vocational training programs. Among the most frequently offered non-wage incentives to their employees we identify: flexible work schedule, subscriptions to medical clinics, meal vouchers or transportation to work. To a much lower extent, however, they may offer subscriptions to gyms or even company shares. Our findings highlight the following main determinants of recent personnel fluctuations: lower wage attractiveness than competition, too high labour taxation, as well as limited attractiveness of non-wage incentives to their employees. Moreover, it is relevant to also point out the proportion of employees who decided to leave their job in order to start their own business, which represented about 26% of the cases reported by the surveyed SMEs. The regional analysis of the effects of these factors on personnel dynamics ranks the Bucharest- Ilfov region first with the most notable recent personnel fluctuations, followed by the North-West region. In addition, the results also show that the effects of personnel fluctuations are more visible in urban areas as compared to the rural area. http://store.ectap.ro/articole/1455.pdf personnel dynamicswagesregional analysiseconomic sectorssurvey analysis |
| spellingShingle | Mădălina Ecaterina POPESCU Larisa STĂNILĂ Maria Denisa VASILESCU Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania Theoretical and Applied Economics personnel dynamics wages regional analysis economic sectors survey analysis |
| title | Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania |
| title_full | Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania |
| title_fullStr | Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania |
| title_full_unstemmed | Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania |
| title_short | Investigating personnel dynamics within SMEs: A survey analysis for the case of Romania |
| title_sort | investigating personnel dynamics within smes a survey analysis for the case of romania |
| topic | personnel dynamics wages regional analysis economic sectors survey analysis |
| url |
http://store.ectap.ro/articole/1455.pdf
|
| work_keys_str_mv | AT madalinaecaterinapopescu investigatingpersonneldynamicswithinsmesasurveyanalysisforthecaseofromania AT larisastanila investigatingpersonneldynamicswithinsmesasurveyanalysisforthecaseofromania AT mariadenisavasilescu investigatingpersonneldynamicswithinsmesasurveyanalysisforthecaseofromania |