1 out of 3 Romanian employees believe they will not be able to keep the same job or a similar one until the age of 60
The percentage illustrates the degree of mental pressure to which Romanian employees are exposed
- 31% of employees in Romania expressed doubt that they will be able to keep their current job or a similar one until the age of 60, 4 percent above the EU average, according to the latest report of the European Agency of Safety and Health at Work*, analyzed by the Executive Search company Arthur Hunt Romania.
- The percentage is illustrative for the pressure factors to which Romanian employees feel subjected, which generate negative psychological effects, even among executives, such as: chronic stress, tension, lack of control, lack of social support and professional unfulfillment. In this context, many Romanian employees consider professional reorientation as an option.
- „2024, a year with elections, fiscal changes at the same time and probably other changes as well. The continuation of strategic investments in infrastructure and digitization are optimistic signals” Executive Search executive comments.
A percentage of 31% of employees in Romania expressed doubt that they will be able to keep their current job or a similar one until the age of 60, 4 percent above the EU average, according to the latest report of the European Agency of Safety and Health at Work, analyzed by the Executive Search company Arthur Hunt Romania.
In comparison, in Portugal, only 16% of employees believe that they would not be able to maintain the same career path until the age of 60, in Germany 17%, and in Italy 21%.
At the opposite pole are France and Slovenia, where 44% of French and 43% of Slovenians see themselves in a different job than their current one in the future.
The reasons underlying these doubts are multiple. There are pressure factors that generate negative psychological effects, even among executives, such as: chronic stress, tension, lack of control, lack of social support and professional unfulfillment. In this context, many Romanian employees are even considering professional reorientation as an option.
„Reports show an increase in the risk of employee mental health deterioration, and the effects of this are very difficult to measure or estimate. On the other hand, more and more organizations include in their HR strategies plans for transformation and adaptation to new realities, with clear objectives aimed at retaining talented and productive employees, reorganizing for increased efficiency and developing new skills to facilitate adaptation to changes. It would be ideal if these companies, through their leaders, put more emphasis on the mental preparation of the teams”, said Sorin Roibu, Managing Partner of Arthur Hunt Romania.
At the same time, the latest geopolitical developments and the current, unpredictable socio-economic context bring with them additional pressures in organizations. The perception of the business environment from the beginning of the year changed in the middle of it. From the stage of “recovery” after the pandemic, we moved to “precaution”, from “recruitment” to “restructuring” – and from “development” to “stabilization”, point out the specialists in Human Resources and Executive Search at Arthur Hunt Romania.
The economic and social challenges will continue in the coming months, according to the Arthur Hunt Romania analysis. The fiscal updates bring major changes to several key sectors of the economy. In the IT field, 2024 could see a limitation in salary growth or recruitment. Also, the real estate sector, as well as the banking sector, could encounter difficulties due to a possible slower pace of civil constructions, which could limit the access to credits.
„2024, a year with elections, fiscal changes at the same time and probably other changes as well, will be tense and this without taking into consideration the geopolitical context. The continuation of strategic investments in infrastructure and digitization are though optimistic signals”, commented for CES Bucharest Sorin Roibu, Managing Partner of Arthur Hunt Romania.
Major transformations are also taking place in the international economic environment, and this could bring Romania opportunities, by relocating the operations of European or global organizations to our country, but also by developing new businesses, especially in the consumer goods sector, automotive and even aeronautical, which would have a positive impact on the national economy.