Romanian Companies at the Face Of Adversity

Manage HR Magazine | Tuesday, October 18, 2022

Large companies in Romania risk losing valuable employees if they do not start to increase investments in employee retention and skills development. As such, plans for human resource development through training, leadership, and coaching programs are among the top priorities of this period.

FREMONT, CA: Less investment in employee retention and skills development has put enterprises in Romania in the face of the adversity of losing valuable employees. As a result, strategies of human resource development through training, leadership, and coaching programs are among the top goals of significant enterprises operating in Romania in this period and 2022. In Romanian enterprises, resource management, digitization, and efficiency will become increasingly crucial. At the same time, given the current context, top managers' emotional development, customer experience with corporate products and services, and the retention of precious human resources are all critical themes for leaders to consider in the future.

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Given the challenges of the current environment, more than 60 percent of the top multinationals replied to the poll by planning to raise investment in training, leadership, and coaching programs this year. COVID-19 is a source of concern for more than 40 percent of the leaders polled. Emotional growth and mental health inside organizations are another key concern for managers, with 35 percent identifying it as a topic on their agenda in the coming future. Furthermore, almost 65 percent of the executives of the companies that took part in the study said that resource management, digitization, and process efficiency are ongoing concerns in the enterprises they run.

When employing senior managers in Romanian organizations during this time, most top executives look for particular characteristics. Character and moral values are the most significant; 92 percent of executives believe a top boss must have ethical principles and integrity. The top attributes sought in recruiting people with decision-making power in the organization are energy, motivation, and customer orientation.

Companies are continuing to alter and adapt to the new market environment. The pandemic has exacerbated pre-existing worry and stress, including personal, emotional, and mental health expenses, which visionary business leaders recognize and want to help boost the emotional and mental well-being and the company's most valued employees. It has recently increased, and the demand for related development, training, and coaching programs will continue to grow.

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