Oracle Romania, the domestic arm of the world's biggest business software company, is set to hire approximately 500 people within a year for its Bucharest-based services and support centres.
The move announced by Oracle adds to pressures on the Bucharest labour market, which is the most affected by personnel shortages, and is also expected to further disrupt the ratio between supply and demand on the segment of employers in the services industry. The large level of recruitment on relatively short terms (1-2 years) announced by major multinationals has a direct impact on small businesses in the services and IT segments resulting in the loss of employees, who are lured by higher salaries and the possibility of working for a multinational.
Entry-level salaries for employees with various technical skills or speaking foreign languages start from 300 euros and can go as high as 1,000 euros.
Oracle now has more than 1,000 employees. "Last year, we saw a growth rate of 100%. Practically, the number of employees doubled from 500 to 1,000 and this year we expect a growth rate of 50%. Our plan is to exceed the 1,500 mark by the end of the next financial year, in May 2008," stated Simina Berceanu, HR senior manager at Oracle Romania.
The pressure on the workforce market caused by the wave of recruitment announced by services providers is mounting, as specialists in certain domains (IT, financial), speakers of foreign languages, are among the most sought-after by employers.
"In terms of employment profiles, we compete with other companies, such as HP, IBM and Genpact. However, in terms of recruitment, there is no direct competition, as we are not engaged in head hunting in order to recruit employees from other companies on the market. Our main source of recruitment is the company's website," specified Berceanu.
Services and support centres
