Consulting firms specialized in business development published Tuesday a study that evokes that entrepreneurs in Romania suffer losses of money because of labor shortages.
Financial losses amounted to 7.1 billion euros are felt in the Romanian economy, according to over 52% of Romanian businessmen who took part in the survey conducted by PwC European Business Survey. The biggest problem is the lack of qualified personnel, and the lack of candidates when recruiting them.
Over 36% of businesses indicate that they lose between 5% and 10% of turnover because of talent shortages. But Romanian entrepreneurs are taking steps to attract specialists and develop digital skills of employees through internal training and external recruitment of specialists, that graduates Universities in the marked field and qualifications of the workforce by working with external start-ups in the areas where they operate.
“An aging population, inadequate educational programs, lack of practice in the field, and massive migration of Romanian workers are the main cause that led to the current situation on the labor market”, said Ionut Simion, Country Managing Partner, PwC Romania.
Losses are even higher in the Central and Eastern Europe, economic losses reaching 358 billion, higher than GDPs gathered in Croatia, Hungary and Slovakia.
The survey conducted by PwC held from February to April 2019, on a sample of 2,993 people which are decision-makers in companies, with a business turnover of at least 10 million euros in over 53 countries in Europe, Middle East and Africa.
