The mobile telecommunication market has been very dynamic for mobile carriers, who conducted major changes at the level of top management, whereas the pay packages marked a slower growth pace up to 10-15% from a year earlier.
“Top management salaries didn’t raise so much in the telecommunication market this year, compared to other markets, by roughly 10-15% from 2007. The low percentage is due to the maturity level that the local market has achieved, and no new player entered the market in order to allow relocation of employees”, George Butunoiu, owner of human resources advisory firm George Butunoiu Ltd, told Wall-Street.
Second of all, Butunoiu added, the main competitors in the telecommunication market have a stand-by agreement which is not yet materialized, and provides that no player should attract employees from another competitor, so their staff have a limited availability to relocate, compared to other sectors of the industry.
The year 2008 was the most dynamic year for the recruiter, at least until September, including for the telecommunication market.
Pay packages in IT&C higher than 2,000 euros will probably fall next year, due to the economic crisis.
“If we will witness a full-blown crisis, as many marketers expect, I think that in March-April it will be clear for everyone where things are heading, and then, salaries will drop, especially the high ones of over 2,000 euros”, said Butunoiu.
Five new managers joined Cosmote Romania team, one of them being Stefanos Theocharopoulos, Cosmote’s CEO.
Theocharopoulos joined Cosmote Romania earlier this year, replacing Nikolaos Tsolas, who held the position for two years.
Mid May, the operator made public the appointment of Costas Apostolou as the new Chief Financial Officer, taking over the tasks of Antonis Kerastaris whose mandate at Cosmote Romania completed.
