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IT Salaries in Romania (2017)

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IT salaries in Romania

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IT Salaries in Romania (2017)

  1. 1. Comp & Ben Insights Romania, 2017
  2. 2. Overview Since 2013, IT salaries have increased with a compound annual growth rate of 11.53%. The most expensive technology on the market seems to be Ruby on Rails, with other niche (and) newer technologies following close – e.g. Python, Node.js, Hybris, AWS/Azure. Although there are still differences for lower levels of experience in terms of salaries, for senior roles (starting from + 4 years of experience) the gap tends to narrow independent of technology and sometimes independent of the city. In terms of benefits, companies have started to match the desire for Remote work and Flex-time where we see the gap between current and attractive lower every year. Some new differentiating points seem to be the 13th salary and Vacation bonuses. Although IT salaries are among the highest from all industries, professionals seem to still value financial rewards above any other type of benefit. This report is developed by Brainspotting and the information cannot be copied, used, promoted, publicly shared without Brainspotting written consent. Brainspotting does not recommend building reward strategies based only on the information in these slides.
  3. 3. Salary Evolution The graph shows the salary increase based on the average salary of each year (e.g. average salary of 2013/average salary of 2012) = -1.26% Year Average increase 2013 -1.26% 2014 9.11% 2015 12.42% 2016 20.41% Salary structures have seen a constant increase for the past four years. The small exception is 2012 to 2013 - when comparing average annual salaries for the two years, we see rather a stagnation. After 2013, there’s been a constant increase in salary levels due to the fact that before there was a prolonged stagnation due to the economic crises and subsequently, large centers established operations on the market. Compound annual growth rate (CAGR) 11.53% However, the mean annual growth for the period 2012 - 2016 is 11.53%. Analysis based on INS (National Institute for Statistics) data for Information technology services and Informatics service activities.
  4. 4. Current Benefits 77% 66% 55% 43% 38% 37% 23% 12% 9% 5% 4% 3% 1% Medical subscription Meal tickets Flex-time Remote work Training & certifications Gym subscription Medical subscription for family members 13th salary Transportation allowance Vacation bonuses Gift certificates Car Other Medical subscription and Meal tickets are the most common benefits. Flex- time and remote work have been growing steadily and are now among the top 5 most common benefits. Q: What benefits do you CURRENTLY have? N: 5,185
  5. 5. Attractive Benefits 55% 54% 54% 46% 45% 40% 37% 34% 28% 22% 16% 15% 1% 13th salary Remote work Flex-time Medical subscription Training & certifications Vacation bonuses Meal tickets Gym subscription Medical subscription for family members Car Transportation allowance Gift certificates Other Q: What benefits do you find ATTRACTIVE? N: 5,185 In terms of attractiveness, IT professionals value more additional financial benefits (13th salary) and the opportunity to organize and control their time by working remotely and having a flexible schedule.
  6. 6. Attrition 44% 35% 14% 5% 1% 1% 0 times 1 time 2 times 3 times 4 times More than 4 times Q: How many time did you change your employer in the past three years? N: 5,185 44% of IT professionals have not changed their employer in the past three years and 35% have had a change. The tenure for an IT professional is 3 years and 6 months and the industry is faced with an annual attrition rate of 28%. Tenure 3 years & 6 months Annual attrition 28%
  7. 7. Bonuses 65% 18% 7% 3% 2% 1% 1% 1% 3% No 0% - 10% 10% - 15% 15% - 20% 20% - 25% 25% - 30% 30% - 35% 35% - 40% Over 40% 65% of the respondents do not have any other type of bonuses besides their salaries. However, the other 35% of the market receives an average annual bonus of 15.3% of their gross annual salary. Q: Do you have a bonus besides your salary? (%-age out of annual salary) N: 5,185
  8. 8. Job change availability 33% 43% 3% 20% Yes Maybe Only abroad No Q: Are you currently available for a job change? N: 5,185 Only 20% of the respondents would not be available for a job change and 3% would only go for jobs abroad. The rest of the market – almost 8 out of 10 candidates are interested to make a career move.
  9. 9. Salary satisfaction 10% 63% 22% 5% Extremely satisfied Rather satisfied Rather not satisfied Totally unsatisfied Q: How satisfied are you with your current salary package? N: 5,185 IT professionals are among the most satisfied in terms of salary, with 73% of the respondents being at least Rather satisfied.
  10. 10. How do you find out information about employers 71% 54% 48% 35% 31% 10% 8% Friends in the company Social media (Facebook, Linkedin pages) Job sites Career pages and company page Media (articles, interviews) Career fairs Company open days / Personalized events Q: How do you usually get information about employers? N: 5,185 Professionals use their network to get information about employers – 7 out of 10 would approach friends working for the company in order to find out about opportunities or gain additional insights into the company.
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