This means that for each EUR 1,000 paid to Romanian employees, companies get back EUR 1,300.


The figure is 4% higher than in 2013 and 16% higher than the European average of 1.12. It is also above the CEE countries average of 1.28.


According to Horatiu Cocheci, Senior Manager, Human Resources Consulting Services team leader, PwC Romania, “the slight increase of human capital return on investment compared to last year was generated by the optimization of indirect costs for companies, although we have also noted some remarkable investment in modern information systems such as ERP and CRM programs, that lead to an increase in productivity.”


In terms of industry sectors, the HC ROI registered a positive evolution in the financial services sector – up from 0.92 to 1.97), but decreased in the pharmaceutical sector (from 2.01 to 1.60), in FMCG (1.23 vs. 1.50 last year) and in industrial products (1.11 vs. 1.34). It however maintained the same level in the retail sector, of 1.03.


The number of training hours per employee increased to 18, being in line with the European average, but the costs allocated for these kind of activities decreased to EUR 105, lower than the EUR 210 in Europe and EUR 170 in CEE.



The PwC Saratoga Romania 2014 survey presents comprehensive data on specific Human Capital indicators based on data collected from 80 participating companies from five industry sectors: pharmaceuticals, FMCG, Industrial products, retail and financial services. (source: