“Lenders will no longer want to expand in 2009, and will only recruit employees to cover for vacancies generated by personnel turnover,” Raucu added. Wages in the banking system are set to increase 15 percent next year, similar to the overall labor market, which means a minor slowing for this segment, she said. Banking was one of the fields with the highest salary rises in previous years.
Furthermore, banks are beginning to recruit young graduates for internships, later to be employed and promoted as specialists. This trend, along with the current international crisis, is likely to stabilize the human resource market in the field and lower personnel turnover, currently at 25 percent.
Due to training and internal promotion, “specialists will no longer easily find new jobs or be able to afford to leave their company the first time they feel frustrated,” Raicu said.
Raicu added that the global crisis will lead several Romanian specialists working abroad to return. “This is good. Although bonus and benefit packages will rise, work quality and performance will be higher,” she said.
