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In IT&C industry only 33.4% employees think they are correctly paid
IT&C industry is facing big challenges of labour force availability and retention, when 55% of employees consider they could receive more money for the same position with competitor companies and only 33.4% think they are paid correctly by the company and more than they would be paid in other companies, the study “Barometer of IT&C human resource market - How do IT&C companies succeed to motivate employees?”.
“Over 100,000 people are now working in this sector, fiscal and relatively low labour force costs generating a 75% increase of the number of employees in 6 years. However, the IT&C industry is faced by big challenges of labour force availability and retention,” the study shows.
In this sector, 78.9% of employees are part of Millennial generation (aged between 20 and 34), 19.8% of generation X (35-49), while Baby Boomers generation (over 50) is a minority in this field (1.3%). Although they are young, employees in the IT&C industry succeeded in gaining a considerable experience in the field. About 40% of employees aged between 20 and 24 have worked for 2-4 years.
Employees from Millennium generation spend between 0 and 3 years in a company and the need for stability is not a priority for them. After the age of 40, employees are likely to preserve the same job for several years.
According to the study, made by NNC Services, 88.1% of employees are determined to change their job in case monthly incomes are higher than the present ones.
The third market study made by NNC Services shapes up an image of human resources in IT&C industry and analyses employee perceptions about motivation factors in local companies. The study is based on answers of over 500 employees in IT&C industry, specialised in various technologies and coming from towns with a significant number of IT&C companies, such as Bucharest, Iasi, Cluj Napoca and Timisoara.