“Many companies are taking advantage of the crisis to replace part of the managers – either because they are poor-performing or they are too expensive – with others as good as the previous ones, but at least 30 percent cheaper, or with much better ones, paying the same salary,” according to one of the top head-hunters in Romania, George Butunoiu, for MONEY.ro.
Furthermore, although salary package demands have dropped, managers still have to wait five to six months before getting a new job. Last year, due to the personnel deficit in most industries, caused by companies’ sound expansion, managers were virtually stolen by companies from their competitors and the salary offer was at least 30-50 percent better. In some cases, the revenues of managers doubled upon changing job. (Integral in Business Standard)
