Legal to Business - December 5 Volunteer Activity Day
11 October 2023
Comparing labor costs in Romania with those in the Eurozone, we notice how being an employer in Romania is not cheap. As can be seen from the graph below, hiring staff in Romania is more expensive than in most other European countries.
The average salary in Romania increased to 2,334 lei in June 2014, from 2,328 lei in May 2014. The average salary starting from 1991 until now was 853.66 lei, being in an upward trend. During this time, the minimum wage per economy increased to 179.40 euros in December 2013, from 157.50 euros in June 2013. The average minimum wage per economy calculated for the period 1999-2013 reaches 99.77 euros, with the historical maximum of 179.40 euros in December 2013 and the historic low of 24.50 euros in June 2000, according to Eurostat calculations.
Out of a total of 20.0 million inhabitants, in May 2014, 4,423,200 people were working legally in Romania, and 4,416,000 were unemployed or working without legal formalities in June 2014, down from May of the same year, when 4,447,000 people were registered without occupation, according to the National Employment Agency (ANOFM). During this time, vacancies in the first quarter of 2014 reached 0.9%.
Since 2007, the retirement age for women has been increasing by 3 months per year until 2030 when it will reach 65, while for men the retirement age has started to increase by 3 percent per year since 2008, so that in 2015 it also reach 65 years, in August 2014 the retirement age for men was 64.50 years.
Our specialists in this field are prepared to provide assistance and representation, both to employees and employers, in the drafting and registration of individual and/or collective labor contracts, designing confidentiality, exclusivity, non-competition clauses, etc., in the drafting of internal regulations, in participating in negotiations with employers or unions, in labor law actions, individual or collective, etc.
You can always ask a question or request advice in this area by filling out the form below with the requested information.
