RAMP.Global’s agency network makes it easier for employers to identify and procure talent from 23,000+ staffing agencies in over 100 countries.
COUNTRY SEARCH:
Romania
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Romania
Romania, with a GDP of $351 billion, ranks as the 43rd largest economy globally. Its main industries include electric machinery, auto assembly, and textiles. With a working population near the world average and a 5.6% unemployment rate, Romania has a stable labor market. The country hosts a moderate number of recruitment agencies, and its gender participation gap indicates steady progress towards equality.
Romania'S
AGENCY LANDSCAPE
600
Agencies operating in Romania
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
14-19%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Romania'S
FEATURED AGENCIES
Smartedge Solutions
Antal International
Get featured here
Romania'S
GROSS DOMESTIC PRODUCT (GDP) RATING
43
WORLD RANKED
Romania ranks 43rd in the world by current economic output
$351B
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
24
EMEA RANKED
Romania is the 24th biggest GDP in EMEA out of 109 countries in the region
GDP GROWTH (%)
The above chart compares how Romania's GDP has grown, compared to the rest of the world and the EMEA region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Romania'S
CURRENCY AND CODE
RON
Country currency
ROU
Country ISO code
Romania'S
INFLATION RATE
6.0%
CURRENT RATE
▼4.4% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Romania'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Romania'S
LABOUR STATISTICS
19M
POPULATION
With a population of 19,186,201, Romania is a medium sized country by global standards. Romania's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Romania is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Romania's elderly population is just above the world average, suggesting a growing dependency ratio, which may strain the labor market.
Romania'S
RELIGION AND ETHNICITY
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.
Romania'S
UNEMPLOYMENT RATE
5.6%
CURRENT PERCENTAGE
▼0.02% REDUCTION
Romania has an unhealthy unemployment rate, suggesting there may be some economic or structural challenges . Between 2022 and 2023, there was a small decrease in unemployment, suggesting continued economic stability with a slight improvement in job availability
Romania'S
TOP PERFORMING INDUSTRIES
Top industries
Auto assembly
Electric machinery and equipment
Metallurgy
Romania'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
62
/
42
Male | Female
In Romania there is a medium gap in participation rates between males and females, indicating moderate inequality with some progress towards gender parity.
Romania'S
WORKING LIFE
$16K
Average gross annual wage (US$)
This figure represents yearly income before taxes. Higher wage countries are above $50,000 USD. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average compensation may be required for in-demand skills.
$1.3K
Average gross monthly wage (US$)
This figure represents monthly income before taxes. Higher-wage countries typically exceed $4,000 USD per month. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average monthly compensation may be necessary for in-demand skills.
Romania'S
WORKING LIFE
15DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are 8 per day/40 per week, Monday to Friday. Overtime is paid at 175% on weekdays/weekends, 200% on holidays or compensated as time off. Maximum of 32 overtime hours monthly, with specific time frames for taking compensated time off, else paid in salary.
Romania'S
TOP BENEFITS
126DAYS
Maternity leave
Maternity: 126 days leave at 85% pay after 6 months of work. Min. 42 days post-birth. Paid by social security; no extension. Paternity: Up to 15 days leave at full salary from employer funds. Parental: Up to 3 years unpaid leave with state allowance at 85% of prior average net income.
90DAYS
Sick leave
Employees get up to 90 days of paid sick leave annually, with the first 5 days paid by employers and the rest reimbursable. Rates vary by illness, covering 75-100% of salary. Leave can extend to 183 days with approval.
COUNTRY SEARCH
