Transcript EastEuro Slovenia`s history

Specifics of the CEE- SEE talent market
Western-Balkan region countries
-Region has more than 20
million population
-High GDP growth before the
economic-crisis, major
privatizations still underway
-Region attracted above 10
billion EUR FDI’s/year
-Countries are allready
members of the EU and NATO
-Several countries are using
the same language
Eastern-Balkan region countries
-Region has similarly 29
million population
-High GDP growth
expectations before
economic-crisis,
-Major privatizations still
underway
- Countries are already
members of the EU and
NATO
Current economic figures
GDP per capita in US$
COUNTRY
2006
2007
2008
2009(estimated)
Slovenia
21.000
25.426
27.511
29.500
Croatia
9.426
10.974
12.114
16.100
BiH
3.154
3.615
3.154
6.500
Serbia
4.216
5.270
5.838
10.900
Montenegro
3.693
4.363
4.828
9.700
Macedonia
3.010
3.220
4,6
9.000
Romania
10.700
11.400
12,600
11.755
Bulgaria
11.3
12.1
12.9
12.296
Hungary
19.3
19.6
19.8
19.044
Current economic figures
GDP per capita in US$
30
25
Slovenia
Croatia
BiH
Serbia
Monten.
Macedon
Romania
Bulgaria
Hungary
20
15
10
5
0
2006
2007
2008
2009
GDP growth
Real GDP growth (%)
COUNTRY
2006
2007
2008
2009(estimated)
Slovenia
5,8
6,8
3,5
-7,4
Croatia
4,8
5,7
2,4
-5,8
BiH
6,2
5,5
6,0
-3,0
Serbia
5,7
7,0
6,0
-2,0
Macedonia
3,1
4,6
4,7
-2,0
Montenegro
6,8
6,0
6,0
-4,2
Romania
4,1
7,7
6,0
-8,0
Bulgaria
6,3
6,2
6,0
- 6,3
Hungary
4,0
1,0
0,6
- 7,20
GDP growth
Real GDP growth (%)
8
6
Slovenia
BiH
Macedonia
Serbia
Croatia
Montenegro
Romania
Bulgaria
Hungary
4
2
0
-2
-4
-6
-8
2006 2007 2008 2009
Demographic data 2009
Slovenia
Croatia
Serbia
Montenegro
BiH
Macedonia
Romania
Bulgaria
Hungary
Population (in
million)
2.05
4.49
7.37
0.62
4.55
2.05
21.5
7,61
10,02
Median age
(years)
41.7
41
41
36.7
39.8
35.1
37.7
41,1
39,4
Population
growth rate (%)
+1.4
-0.03
0
+0.2
+0,4
+1.1
-0.127
-0,79
0,139
Birth rate /
1.000 population
8.97
9.64
9.19
11.14
8.85
11.97
10.7
10.2
9,9
Death rate /
1.000 population
10.62
11.75
13.86
8.63
8.63
8.83
11.77
14.5
13,0
Life expectancy
at birth (years)
76.92
75.35
73.90
75.20
78.50
74.68
72.18
73.09
73,3
Labor force (in
million)
0.920
1.781
2.961
0.259
1.196
0.900
9.705
2.338
4,195
Unemployment
rate (%)
6.6
9.6
19.0
11.2
31.1
35.0
6.7
7.0
9.9
Average Salaries’ Comparison
1000
900
800
700
600
500
400
300
200
100
0
EUR net
amount
Serbia
Montenegro
BiH
Croatia
Slovenia
Romania
Bulgaria
Retirement age
Slovenia
Croatia
Bosnia & H.
Serbia
Macedonia
Montenegro
Romania
Bulgaria
Hungary
Standard
retirement age
in present is 57
According to
the law till
2013 standard
retirement age
will gradually
reach age 60
years
Standard
retirement
age 60
Standard
retiremen
t age 62
Standard
retirement age
at present is
63
According to
the law till
2013 standard
retirement age
will gradually
reach age 65
years
Standard
retirement
age 63
Standard
retiremen
t age 65
Women
56-if at least
36 years + 9
months of
completed
service
61 + 20 years
of completed
service
63 + 15 years
of completed
service
60 + at least
15 years of
completed
service
When 40 years
of service is
completed-age
not important.
In case 40
years are not
completed
than the limit is
65 years +
minimally 20
years of
completed
service
58 and 6 months
or after 35 years of
service completed
In 2011 the level
will be 60
After 35 years of
completed service,
if they had at least
30 years of service
can be at 62
57-with the
minimal of 18
years of service
completed
Men
58 + 40
years of
completed
service
63 + 20
years of
completed
service
65 + 15
years of
completed
service
65 + at least
15 years of
completed
service
When 40 years
of service is
completed –
age is not
important.
In case 40
years are not
completed
than the limit is
65 years +
minimally 20
years of
completed
service
63 + 6 months or
after 40 years of
service completed
In 2011 the level
will be 65
Standard
retirement age 64
62-with the
minimal of 18
years of service
completed
Labour conditions
Slovenia
Croatia
Bosnia & H.
Macedonia
Montenegro
Serbia
Romania
Bulgaria
Hungary
Length of
work
week
40 hours
40 hours
40 hours
40 hours
40 hours
40 hours
40 hours
40 hours
40 hours
Holidays
min 20
days
min 18
days
min 18 days
min 18 max
26 days
min 18 days
min 18 days
min 21 days
min 20 day
min 22 day
Unemploy
-ment
benefits
(from 3 24
months)
first 3
months
70%, than
60 %
(average
wage for
the last 12
month)
80% for
first 78
days; than
60%
(average
wage for
the last 3
months)
30 per cent of
the state
average wage
– in the BiH
are only
available for
six months –
although these
are available
longer for
those who had
been in
continuous
employment
for more than
five years.
40% of net
average monthly
wages in the
first 6 months of
benefits and to
30% of net
average monthly
wages there
after in the next
6 months.
60% of the
insured's average
earnings in the last
6 months and is
paid for up to 3
months; thereafter,
the benefit is equal
to 50% of the
insured's average
earnings.
60% of the
insured's
average
earnings in the
last 6 months
and is paid for
up to 3
months;
thereafter, the
benefit is
equal to 50%
of the
insured's
average
earnings.
minimum 75%
value of reference
indicator
(minimum brut
salary (600 de lei)
The average daily
unemployment
benefit equals 60
% of the
applicant’s
average daily
wage during the
last 9-month
period in which
they made social
insurance
contributions. The
monthly benefit is
calculated by
multiplying this
average daily
amount by the
number of
working days in
the given month.
There is a
minimum and a
maximum amount
of unemployment
benefit payable
and each year
these limits are
adjusted.
first 91
days 60%
from
average
brut
salary,
than 179
day
60% from
min salary
Labour conditions
Sickness
benefits
Slovenia
Croatia
BiH
Macedoni
a
Montenegro
Serbia
Romania
Bulgaria
80 to 100 %
- otherwise
90 % per
illness
(employer
pays first 30
days)
between
70% and
100% ,
The
employer
pays for
the first 42
days
n/a
n/a
The insured
receives 65% of
the calculation
base; 100% for a
work injury or an
occupational
disease; 100% for
a blood or organ
donation. The
employer pays
benefits for the
first 30 days
The insured
receives 65% of
the calculation
base; 100% for
a work injury or
an occupational
disease; 100%
for a blood or
organ donation.
The employer
pays benefits
for the first 30
days
For normal
disease 50%,
65%,75%,
85% base salary +
benefits if the
worked 2 years, 25 years, 5-8 years
and over8 years
The benefit is
equal to 80%
of the
insured's
earnings and
is paid for up
to 90 days.
Hungary
for the first
30 days,
60% from
brut salary
Labour conditions
Maternity
benefit
Slovenia
Croatia
Bi H
Macedonia
Montenegro
Serbia
Romania
Bulgaria
100%
(average
wage for
the last 12
month)
100% of salary
payable until
the child is 6
months .
Additional
benefit payable
until the child
attains the age
of 1 year (for
the first and
second child) or
age 2 (for
twins).
100 %
salary
n/a
100% of
earnings are
paid with 6
months of
continuous
insurance
coverage;
60% with
more than 3
but less than 6
months; 30%
with at least 3
months. The
benefit is paid
monthly.
100% of earnings
are paid with 6
months of
continuous
insurance
coverage; 60%
with more than 3
but less than 6
months; 30% with
at least 3 months.
The benefit is paid
monthly.
120 days,
85% from
media of
last 6
months
total
income all
payments
are
supported
by the state
budget
Social security
beneficiaries are
entitled to
maternity benefits,
provided they have
length of service of
not less than 6
months. The daily
amount is equal to
90 % of average
daily wages or
insurance base.
Maternity benefits
are payable for
315 calendar days,
of which 45 before
giving birth. The
mother / other
parent is entitled to
6 months of
unpaid leave till
the child reaches 2
years of age.
Hungary
24 weeks
Max 70%
from
minimum
wage
What are corporate challenges in the region?
 Managing through recession
 Securing the business, obtain financing
 Dealing with redundant employees
 Pressure to recruit and retain the best-especially
difficult in some countries as the pool of talented
individuals is very small
 Responding to candidate needs
 Making HR a strategic partner to managament-too
often HR still seen as an administrative rather than
strategic function
Global war for talent in recession times-is region any
different?
 Not just among companies but
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among countries
For 75% of HR executives, attracting
and retaining talent is a No.1 priority
40% of employers worldwide having
difficulty finding talent
Restrictive immigration conditions in
place to protect nation’s assets
New type of jobs in demand for anti
crisis business models
Source: Peter Felix, President, AESC
Main challenges for HR managers
 Domestic talent without necessary skills
 Low mobility, little international experiences
 Difficult hire-fire policy
 Aging populations-negative demographics
30% decrease in 40yrs
+workers
Important issues
50% top people in
companies will leave in
5 years
55% of European
population will be over
40 yrs
company anti-crises measures in 2009
Governmental programs during the recession
 Slovenia: 60 EUR donation/person for shortening the working week
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to 36 hours, additional 60 EUR if shortened to 32 hours, state
guarantees for banks (12 billion EUR)
Croatia: no concrete actions yet defined
Serbia: temporary stopped income tax on stocks (2012) and saving
deposits, freezing price increases on gas + electricity for individuals
Bosnia & Herzegovina: no concrete actions yet defined
Montenegro: no concrete actions yet defined
Macedonia: 10 measures adopted. Total aid 330 million euros (four
years grace period for healthcare contributions, write-off interest on
personal income tax, reduction of customs duties…)
Romania: Among measures announced, two are seen as very
important for business:  a six month delay for fiscal obligations that
were not paid in due time because of the economic crisis  payment
within 45 days of state arrears to companies, such as the
reimbursement of value added tax (VAT)
Most wanted profiles - Slovenia
 Managament consultants
 IT experts
 HR Managers
 Sales directors-accross all industries
 Manufacturing heads of departments
 Real estate development engineers
 CFO’s in industrial sectors
 SAP consultants
 Pharmaceutical industry experts
Most wanted profiles-Bulgaria
 Financial Services – Risk Managers, Debt Collectors
 Insurance – all leves
 BPO and Offshoring positions across the board
 Sales directors-accross all industries
 Retail – across the board
Most wanted profiles-Croatia
 Machine Engineers
 Constructing Engineers
 Experts in Finance
 Accountants
 HR Managers and Experts
 Various Sales Profiles and Managers
 Store Managers
 Computer Engineers and Developers
 Managers in Tourism
Most wanted profiles-Serbia
 Plant Managers
 Real estate-all functions as real estate development
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is booming
International Financial Experts
Accountants and Tax Experts
HR Managers
Retail Directors and Heads of Departments
CIO’s and IT developers
Managers in Tourism
Most wanted profiles-Romania
 CEO & CFO - Strategic senior BOA and top
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management positions
Sales Directors
KA Director
Retail Management
Aquisition and Senior Buyers
Banking - Recovery and Work Out positions
About us
 One of the first executive search firms established in Hungary
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1991;
Strictly retained;
Fully operational in the Adriatic region since 2000;
90% of our clients are international or regional companies
active in the region;
Has operations in in Hungary (Budapest),Ljubljana (Slovenia),
Zagreb (Croatia), Belgrade (Serbia)an Bucharest
(Romania)and in Bulgaria;
Assignments completed also in Czechia Slovakia, Bosnia &
Herzegovina, Serbia and Macedonia;
Member of global executive search umbrella organization
Cornerstone International Group (www.cornerstonegroup.com)
Our services
 Executive Search & Selection
 Interim managament
 Assessment, sucession planning
 Management Audit
 Outplacment
 Assessment Center
 Organisation Development
 Executive Coaching
Completed assignments by industry
2008-2009 in the Adriatic
IT, ICT (19)
Automotive (5)
Industry, Constructing (10)
Life Science (3)
Finance Ind. (5)
FMCG, Retail (4)
Other (5)
Completed assignments during
2006-2009 in the Adriatic
19
5
3
22
Slovenia (40)
Croatia (12)
Bosnia & Herzegovina
(3)
75
Serbia (5)
Macedonia (5)
Our strenghts
 Knowledge of the region
 Effective cross-border
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capability
Language capabilities-we are
serving the clients in English,
Hungarian, German, Slovene,
Croatian, Serbian and
Romanian language +
understand Macedonian
We are highly transparent
We offer strongest off-limits
on the market-24 months
Our guarantee is 12 months
Sources
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Factiva, Dow Jones
See News
Economist Intelligence Unit - Business Eastern Europe
The Central Intelligence Agency (CIA), USA
Bank of Slovenia
European Pensions & Investments News
AII Data Processing Ltd.
National Bank of Serbia
Central bank of Montenegro
Central Bank of BIH
Agency for restructuring and foreign investments of Montenegro
JAPTI ,Public Agency for Entrepreneurship and Foreign Investments of Slovenia
Hewitt Associates
SEEurope.net
National Employment Relationships Acts
CIA World facebook 2009
German Trade Invest, DUIHK, Tradingeconomics
See Biz
Contact
Sándor Söpkéz
Managing Director
EastEuroCo
Executive Search Group
Tel: (+36)-1-363-5624
Fax: (+36)-1-363-7228
Mobile: (+36-70-978-2807
e-mail: [email protected]