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Study of the Day: Small and very small companies are driving job creation in Romania in 2024

Key Findings of the Article:

  • Small and very small companies are driving job creation in Romania in 2024. These companies, with 50 or fewer employees, have posted over 50,000 jobs since the beginning of the year, representing nearly half of all open positions.

  • Retail, services, tourism, and construction are the top industries hiring by small and very small companies. These industries have posted 12,000, 9,000, 6,200, and 6,000 jobs, respectively, in the past five months.

  • Entry-level and mid-level candidates are most in demand by small and very small companies. Senior-level candidates and managers are less sought after by these companies.

  • Small and very small companies are more likely to post part-time and seasonal jobs than larger companies. More than half of all part-time jobs are posted by companies with 50 or fewer employees.

  • Small and very small companies are more transparent about salaries than larger companies. Over 50% of jobs posted by these companies include salary information, compared to 36% overall.

Conclusions:

  • The Romanian job market is strong, with a significant number of open positions available across various industries.

  • Small and very small companies are playing a major role in driving job creation, particularly in entry-level and mid-level positions.

  • Candidates seeking employment should consider targeting small and very small companies, as these businesses are actively hiring and are more likely to be transparent about salaries.

Implications:

  • For job seekers:

  • Expand your job search to include small and very small companies.

  • Be prepared to discuss your salary expectations during the application process.

  • Consider part-time or seasonal work if you are looking for flexibility.

  • For small and very small businesses:

  • Continue to be transparent about salaries to attract top talent.

  • Consider offering part-time and seasonal work opportunities to meet the needs of a diverse workforce.

  • Invest in developing and training your employees to help them advance their careers within your company.

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