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Analysis & Opinion

Legal days-off in 2012 in Romania

According to art. 134 of the Labour Code, actualised in 2011 with the Law 40/2011, in Romania the legal non-working days are:

  • 1-2 January, New Year
  • 1st and 2nd day of Easter
  • 1st of May, international worker`s day
  • 1st and 2nd day of Whitsuntide, 3-4th of June
  • Assumption Day, 15th of August
  • 1st of December, National Day of Romania
  • 1st and 2nd day of Christms, 25-26 December

The people who belong to different religions than the Orthodox one have the right to take two days off for every one of the three annual religious holidays, declared so by the legal religious cults.

More additional proposals for days-off have been made: 24th of January, 10th of May or 30th of November, but these haven`t been aproved yet, still having the project status. Therefore, these days are not presently acknowledged as legal holidays.

Entrepreneur versus manager

articol published in the Consulting Review magazine

One of the latest concepts in business is the "corporate entrepreneurship", i.e. implementing entrepreneurial business practices in the management of major corporations.

What does that mean? Shell we understand that the corporate management model, so much praised in the past 20 years is not really the key to success? Or that all the MBA’s and management, leadership, strategic planning courses, etc... involving managers of corporations do not hold the key to success and do not provide all the answers to the challenges these managers should face?

A year ago I was fortunate to know personally Larry Farrell, the American specialist who created the concept of Corporate Entrepreneurship and the No. 1 worldwide specialist in research and development of entrepreneurial practices. read more»

Dismissal - is it the only alternative to the redution of personnel costs?

Personnel layoffs, in both private and public system, are one of the most common topics in the mass-media our days.

Regarding this issue, for most of us 2009 meant fear. It seems that even the new state regulations have formed premises to personnel reduction.

But, we come to ask now if dismissal is really the only alternative to reducing the personnel cost?
The answer is far to be a simple yes or no. Many factors are involved in this decision such as:

  • the business of the company;
  • suppliers and customers;
  • number of competitors in the market;
  • substitution rate of products and services
  • the future strategy of the company

Taking into account all these factors, when the management concludes that a company needs to reduce costs, a careful analyze regarding the following issues is request: read more»

Position versus salary

What is more important? The position you have in a company or the salary?
The fact that on our business card is written manager or director, or the hundreds of euros with which we can get the car or the house of your dreams?

Normally a good salary comes with an important position. But this assumption is not generally valid. It may happened to have a satisfactory salary and a less pleasant position. So, how many of us put into balance the importance of the money and of the position? And, if so, what is the result? read more»

Outsourcing: the perfect solution to reduce costs

When the leitmotif of the current economic context has become "cost reduction / cost optimization”, an important solution for any company that wants to survive on the market is to outsource certain services that are not related to its core activity, such as: IT services, finance & accounting services, legal and human resources: recruitment, personnel leasing, training, payroll services and personnel administration.

Why is outsourcing an important solution to reduce and optimize costs?

I tried to illustrate below some of the main arguments: read more»

Romania, Bulgaria, Moldova, Serbia. Competitive advantages.

When an investor decides to start a business in our region, he usually can choose between a few countries: if they want to choose a country from the European Union, then they will most likely choose between Romania and Bulgaria, the last countries who joined the EU and also the countries with the lowest labour cost among the EU countries. In case they want to choose a country that is not an EU member, then Serbia and the Republic of Moldova seam to be the 2 best options.

However it is pretty difficult to make a choice in the end, given that each of these countries have advantages and disadvantages. So I proposed to make an overview of the main elements that take into account when an investor decides to start a business in one of these countries.

First, I tried to group in a comparative table the main types of fees and taxes, and the costs that an investor must bear in each of the 4 analyzed countries. Please see them below: read more»

Working at home

article published in Tonica magazine

How many times dind't you want to escape, even for one single day, from the crowded roadway from your job office and back, anyhow you were traveling: with your own car, subway, bus? How many times you dreamed to escape, at least for one single day, from the morning strict schedule of your office that you can not violate but extremely flexible in the evening?

And how many times you have wanted to be able to transform the perfectly ironing clothes, the dress perfectly matching with the makeup, the elegant hair or the heavy atmosphere from the office with a light toilet - pajamas or robe and with a nice music loud enough for a perfect relax ?

Seems like a dream, but today's technology allows us to enjoy and to forget, whenever we want, the never ending timetable from the job, the crowd and the enforced dress code, if we decide to work from home. read more»

Outplacement: the right approach

Under “normal” economic conditions and moreover in economic and financial crisis context, outplacement, as a way to support future ex- employees fully proves its usefulness.

Defined as a consultancy service dedicated both to employees and employers, meant to ensure a smooth transition to a new job, respectively a new organizational structure, outplacement very well points out an ethical approach that companies must prove in difficult times.

On the development route of a company, critical moments can sometimes arise, when in order to remain competitive on the market the company must downsize its personnel or part (from different reasons) with some members of its team, including members of the managerial team. In these situations benefiting from external, specialized consultancy services is ideal. I would name only a few reasons: objectiveness, confidentiality and expertise. read more»

How much it costs us an employee in the Republic of Moldova?

The moment when a new member of the team is being recruited within the company, the employer assumes, beside the salary, some other expenses as, for example, the assurance of a safe and well organized working place, expenses related to the materials he-she will consume and obviously the mandatory taxes for the state budget.

We will analyse further on the situation of the Republic of Moldova regarding the taxes which the employer has to support for his own employees.

Thus, in agreement with the legislation from the Republic of Moldova, each employer is obliged to calculate and retain each month different taxes regarding his own employees taking into account the exemptions claimed by the employee, the contributions or the bonuses calculated in accordance to the decisions made by the Major Fiscal State Inspectorate, The Medical Insurance National House and The National Social Insurances House of the Republic of Moldova. read more»

How hard is to be a good colleague?

If I could ask anybody on Earth, no matter religion or nationality, I think few people could give me a definition of what means to be a good colleague at work.

In fact, there is not a standard definition to explain what means to be a good colleague at work, but we could guide ourselves to some unwritten rules. This comes from the inside of each person and depends on its character, on the honour and respect we generally grant to human beings.

Anyway, in my opinion, attitude towards our colleagues is connected with our communication skills and the importance we grant to interpersonal relationships.

We should have a positive attitude at work, should try to avoid criticism for our colleagues or in case we have something to object we should treat the situation with diplomacy and decency. read more»

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