PwC: Voluntary pensions, the biggest increase in popularity among employee benefits in Romania
ROMANIA. Voluntary private pensions (3rd pillar pension plans)
registered this year the biggest increase in popularity among employee
benefits offered by multinational companies in Romania, according to
the PayWell survey carried out by PricewaterhouseCoopers Romania (PwC). The
number of multinational companies to offer voluntary pensions as part
of the benefits package increased by 7% this year, making voluntary
pension plans the benefits with the fastest increase in popularity. The
panel of companies that took part in the survey comprised 250 Romanian
companies, all privately-owned, 80% of which were contorlled by foreign
capital. 68% of the companies have turnovers larger than 10 EUR mln. a
year, and the total headcount of the employees of these companies
exceeded 168,000.
"It's no wonder that voluntary pensions registered the biggest increase in popularity", said Ruxandra STOIAN, manager of HR Services at PwC in Romania. According to the survey, the weight of bonuses and benefits in the total reward package increased substiantially during the last 5 years in Romania. Thus, bonuses (fixed and variable) plus employee benefits reached a proportion of 35% in the total rewarding package, while the fixed salary now represents only 65% of that package, as against 75% in 2004.
12.09.2008
