Multiplier Logo
Loading Animation Image

Talent Wiki – Romania

Your quick guide on talent and labor compliance norms in Romania

Capital

Bucharest

Currency

Romanian Leu (RON)

Languages

Romanian

Payroll Frequency

Monthly

GDP per Capita

$12,279.57

Employer Tax

6.25% to 10.25%

Talent Overview

Romania is the twelfth-largest country in Europe and is well-known for the forested region of Transylvania, which is ringed by the Carpathian Mountains. The country has a freedom score of 67.1, making it the 47th freest country in 2022. The main GDP contributors in Romania are the services and the tourism industry.

Major economic hubs:

Bucharest, Cluj, Timisoara, Iasi, and Constanta

Skills in demand:

Project manager, HR manager, Software engineer, and IT professionals

Romania Map

Local Universities

The top local universities in Romania are as follows:

Romania Uni1

Universitatea Babes-Bolyai (Babes-Bolyai University)

RANKING

Local: 1

World : 847

Romania Uni2

Universitatea Politehnica din Bucuresti (Politehnica University of Bucharest)

RANKING

Local: 2

World : 974

Romania Uni3

Universitatea Alexandru Ioan Cuza din Iasi (Alexandru Ioan Cuza University of Ia?i)

RANKING

Local: 3

World : 1102

Romania Uni4

Universitatea din Bucuresti (University of Bucharest)

RANKING

Local: 4

World : 1238

Romania Uni5

Academia de Studii Economice din Bucuresti (Bucharest University of Economic Studies)

RANKING

Local: 5

World : 1337

Salary Data

The salary data of Romania for some of the common jobs are mentioned below;

Job Title Average Monthly Salary (RON) Average Monthly Salary (USD)
Financial Manager 17,100 RON 3752 USD
General Manager 15,000 RON 3291 USD
Business Development Manager 13,300 RON 2918 USD
Financial Analyst 10,700 RON 2348 USD
Business Analyst 10,400 RON 2282 USD
Project Manager 9,450 RON 2073 USD

 

Romania Talentsource

Talent Sourcing Tips

Top Local Job Boards:

Glassdoor, LinkedIn, Neuvoo

Number of LinkedIn users:

3,515,000

Multiplier Recruitment Partner

iXceed

Employing in Romania

Before onboarding an individual, It is important to know about the employment laws, benefits, social security, deductions, and allowances in Romania by the employer.

Employee Contract

According to Romanian Labor Law, the employment contract can be provided in Romanian or English, or any other language that is easily understood by the employee and employer.

Probation Period

The probation period in Romania is 90 days.

Public and Provincial Holidays 2023

Date Holiday Type
1 Jan New Year’s Day National Holiday
2 Jan New Year Holiday National Holiday
6 Jan Epiphany National Holiday
7 Jan Synaxis of St. John the Baptist National Holiday
24 Jan Union of the Romanian Principalities National Holiday
1 May Labor Day National Holiday
3 May Orthodox Good Friday National Holiday
5 May Orthodox Easter Sunday National Holiday
6 May Orthodox Easter Monday National Holiday
1 Jun Children’s Day National Holiday
23 Jun Orthodox Whit Sunday National Holiday
24 Jun Orthodox Whit Monday National Holiday
15 Aug Assumption Day National Holiday
30 Nov Feast of Saint Andrew National Holiday
1 Dec Great Union Day National Holiday
25 Dec Christmas Day National Holiday
26 Dec 2nd Day of Christmas National Holiday

Employee Leaves

Type of Leave Time Period Mandatory
Annual/Earned Leave 20 days Yes
Sick Leave 5 days Yes
Maternity Leave 119 days Yes

Payroll

Payroll 1

Payroll Cycle

The payroll cycle is monthly in Romania.

Payroll 2

Minimum Wage

The current minimum wage in Romania is RON3,000.00 per month.

Payroll 3

Overtime Pay

In Romania, overtime is basically compensated by providing the employee on working days with leaves for the overtime hours worked. If not, the employer must provide 75% of the base salary.

Bonus

13th Month Pay

There is no statutory law for 13-month pay in Romania.

Employee Benefits

  • Annual Leaves
  • Three Pillar Pension System
  • Health Insurance
  • Workers Compensation/Work Accidents/Professional Diseases
  • Child allowance

Taxes

Employer Payroll Tax

Fund Contribution
Pension 4% or 8% based on working condition
Unemployed Insurance 2.25%

Employee Payroll Tax

Fund Contribution
Pension 25%
Health Insurance 10%

Employee Income Tax

A flat rate of 10% is the Employer Personal Income Tax.

VAT

In Romania, the standard rate of VAT is 19%.

Offboarding & Termination

According to Romanian Law, both parties can terminate the contract based on mutual consent or by notice. However, the employer can terminate the contract only based on objective dismissal grounds or economic dismissal grounds.

The notice period in Romania is 30 days.

In Romania, there is no statutory law for severance pay.

Visa and Immigration

An individual can be given a visa if they are a member of the supervisory or member of the board in Romanian companies. However, if the individual is from an EU country, only a work permit is required. The work permit is valid for one year for normal employees and two years for highly skilled employees.

Romania Visa
Footer 24x5 New Img2x

Streamline payroll and compliance for your international workforce

Payroll

Minimum Wage

Overtime Pay

Visa & Immigration