Close Menu
FarAwayJobs
    What's Hot
    Study Abroad

    Study abroad in Japan expanded my understanding of hospitality | FIU News

    Study Abroad

    William & Mary ranks No. 1 in studying abroad among public universities – Daily Press

    Study Abroad

    UD student dies unexpectedly while studying abroad – WHIO TV 7 and WHIO Radio

    Important Pages:
    • Job Board
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • Job Board
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    FarAwayJobs
    Job Board
    • Remote Work

      RevenueZen’s Best Practices for B2B SaaS Website Growth

      LinkedIn: Company Page vs. Personal Profile

      Compartmentalization: A Founder’s Secret Weapon

      Demand Generation vs. Growth Marketing

      The Right Way to Use Content as an SDR – RevenueZen

    • Remote Teams

      9 Remote 9 Interview Questions Every Interviewer Should Ask

      7 Ways to Build a Resilient Remote Team

      7 Reasons to Plan a Virtual Team Retreat

      7 Signs a Candidate Is a Good Fit for Your Team

      Top Recruiting Tips for Remote Companies

    • Management

      Report: 80% Say Salary Isn’t Keeping Up With Inflation

      Synchronous and Asynchronous Communication for Remote Teams| Remote.co

      Getting to Know Your Virtual Team: 10 Strategies

      10 Tips to Succeed as a Fully Remote Company

      How to Hire Contractors for Your Remote Team

    • Business

      Remote Work Predictions for 2018

      Remote Work: More Than a Perk for Pros with Chronic Conditions

      10 Tips for Running a Remote Business

      Starting a Company? Why You Should Go Remote

      How Remote Work Leads to More Loyal Employees

    • Offshoring

      7 ways an accounts payable BPO can benefit your company

      The complete guide to hiring a virtual phone assistant

      What is an IVR call center? (workflows, benefits, tools)

      The 2024 guide to omnichannel contact centers

      24 virtual assistant websites to find skilled VAs in 2024

    • Productivity

      Build a productivity improvement plan in 9 simple steps

      How employee insights improve workforce productivity

      What it is and how you can avoid it

      5 project time management processes to boost productivity

      Are your remote workers overemployed? Here are the red flags

    • Study Abroad

      Nicole’s Fall Semester in Florence, Italy

      Must-See Museums Around the World

      Settling into a routine can make life abroad feel a little more familiar. Having some structure can create calm in the chaos — and help you make the most of your time abroad ☕🎧 More tips, stories, and inspiration coming your way all month long 💬✨ #CEACAPA – Instagram

      Do I Have to Be in College to Intern Abroad?

      What is a Winter Quarter Study Abroad Program?

    • Job Board

      What You Need to Know

      Five State Immigration Bills You Should Know About

      Immigrants’ Experiences Differ Wildly Depending on Which State They Live In

      House Reconciliation Bill Would Supercharge Immigrant Detention and Effectively Eliminate Asylum for Most

      Visa Appointment Tips for 2025

    • Job Search

      Andrew Gobran (Doist) on Career Values and Remote Job Search Strategy

      24 Remote Jobs for Pregnant Women To Work-From-Home

      Make Your Remote Job Application Stand Out in 2025

      8 Ways Temporary Jobs Can Boost Your Career

      How to Avoid Job Scams (Updated)

    FarAwayJobs
    Home » What is the average salary in Romania for 2023?
    Management

    What is the average salary in Romania for 2023?

    Facebook Twitter Pinterest WhatsApp
    What is the average salary in Romania for 2023?
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    In 2023, the average salary in Romania is 8,980 RON (Romanian leu, the Romanian national currency) per month or 108,000 RON per year. That’s approximately 2,008 USD per month, according to the exchange rates in May 2023. 

    These are approximate figures that can change depending on several factors like education, city, age, gender, and work experience. 

    But one thing’s for sure. 

    The average Romanian salary is significantly lower than average salaries in the United States (7,900 USD per month) and the United Kingdom (8,035 USD per month). 

    This makes Romania a preferred outsourcing destination. 

    In this article, we’ll take a detailed look at the average salary in Romania, average salary increments, and minimum wage. We’ll also discuss the top reasons to outsource to Romania and highlight the top outsourced industries in the country. 

    Table of Contents

    Let’s begin.

    The average salary in Romania

    According to Salary Explorer, Romania’s average salary is 2,008 USD or 8,980 RON per month, as per the exchange rates in May 2023. 

    This national average wage gives you a peek into Romania’s standard of living. 

    However, key indicators like the median salary and the average salary range can give you more detailed insights into the salary data. 

    A. Median salary

    Romania’s median salary is 8,130 RON per month (approx 1,818 USD). 

    This figure implies that half the Romanian population earns less than 8,130 RON every month, while the other half earns more than 8,130 RON per month. 

    Wondering how the median salary value differs from the average salary?
    The median salary is the middle value between all the salaries considered. Meanwhile, the average salary divides the sum of all salaries by the number of salaries considered.

    For example, employee A earns 2,000 RON, employee B earns 3,000 RON, and employee C makes 5,000 RON. In this case, the average salary is 3,333 RON, whereas the median salary is 3,000 RON. 

    B. Average salary range

    The average salary range in Romania extends from 2,270 RON per month (508 USD) to 40,100 RON per month (8,966 USD).

    Note that the average salary range only considers salaries falling between the average lowest salary and the average highest salary in Romania.

    As a result, the actual maximum salary in Romania may be higher than 40,100 RON per month. 

    C. Average gross salary and net salary

    Gross salary is the monthly or yearly salary before any deductions, such as income tax. 

    That’s why the average salary of 8,980 RON (2,008 USD) per month is also the average gross salary in Romania. 

    The net salary refers to the salary one takes home after all mandatory deductions. 

    With the country’s taxes being high, the average net salary in Romania was 3,483 RON (779 USD) in 2021. 

    These key salary data points can give you insights into Romania’s economy and population. 

    Salary comparison in Romania

    It’s relatively easy to determine a country’s average income. 

    But what you actually pay an employee depends on several variables. 

    These variable factors include profession, education, work experience level, working hour requirements, location, and more. 

    We’ll compare Romanian average salaries based on each one of these key parameters. 

    A. Salary comparison by profession

    The average salary in Romania can vary drastically across industries like software development, manufacturing, customer service, etc. 

    Even within these industries, the average salaries differ based on an employee’s job profile and the type of job (full-time, part-time, freelance, etc.). 

    Here’s a look at the salary comparison across different professions in Romania (full time employees): 

    Profession Average Romanian Salary (per month)
    Chief Executive Officer 10,000 RON
    Program Manager 7,000 RON
    Healthcare Worker/ Consultant 5,833 RON
    Project Manager 6,000 RON
    Research Scientist 9,000 RON
    Data Scientist 6,500 RON
    Human Resources Manager  8,650 RON
    Accountant 3,675 RON
    Software Engineer/Programmer 7,000 RON
    Data Analyst 3,050 RON
    Java Developer 6,000 RON
    General Manager 5,000 RON
    Legal Advisor 3,500 RON
    Journalist 2,900 RON
    Interior Designer 3,500 RON
    Income Tax Officer 6,577 RON
    Content Writer 2,500 RON
    Teacher 2,650 RON
    Real Estate Agent 3,000 RON
    Data Entry Operator 1,150 RON

    Source: glassdoor.com

    B. Salary comparison by education

    In most countries, you can earn a bigger paycheck with higher education. The scenario is pretty much the same in Romania.

    A salary survey by salaryexplorer.com reveals that:

    • A respondent with a certificate or a diploma earns 17% more than their peers without high school graduation.
    • Employees who have secured a Bachelor’s Degree earn an average of 24% more than those with only a certificate or a diploma. 
    • Similarly, employees with a Master’s Degree make an average of 29% more than those with a Bachelor’s Degree.
    • Ph.D. holders earn higher salaries that are approximately 23% more than employees with a Master’s Degree for the same job role.

    Note: Salary estimates largely depend on the different job locations and the chosen career field. 

    C. Salary comparison by experience

    Like anywhere else in the world, Romanian employees can expect to see a salary increase with an increase in their work experience level. 

    Here’s an approximate breakdown of how Romanian salaries increase with increasing employee work experience: 

    Number of Years of Experience Average Increase in Salary
    2-5 years +32%
    5-10 years +36%
    10-15 years +21%
    15-20 years +14%
    20+ years +9%

    Source: salaryexplorer.com

    Note: Change in salary, in this case, varies drastically from one location to another and depends on the chosen career field. The data provided here is the combined average of different jobs.

    D. Salary comparison by location

    A Romanian employee’s salary can vary based on a particular job location. 

    Let’s now take a look at the average salaries in key locations across Romania: 

    Location  Average Romanian Salary (per month)
    Bucharest 9,740 RON
    Cluj Napoca 8,960 RON
    Brasov 8,020 RON
    Sibiu 9,420 RON
    Timisoara 8,430 RON

    Source: salaryexplorer.com

    If you plan on hiring a workforce in Romania, these salary comparisons can help you plan an employee’s gross salary as well as your compensation budgets. 

    Now that we’ve discussed the different determining factors of the national average salary in Romania, let’s discuss salary increments in the country. 

    The average annual salary increment in Romania

    Across different industries, the average annual increment rate in Romania has seen a steady increase. 

    According to a report by PwC Romania, gross salaries in Romania’s private sector are expected to increase by an average of 8.11% in 2022, after rising by 8.94% in 2021. 

    Here’s a breakdown of the average increment Romanian employees can receive across various industries:

    Industry Average Annual Salary Increment
    Banking 7%
    Information Technology 3%
    Healthcare 1%
    Travel 8%
    Education 4%
    Energy 5%

    Source: salaryexplorer.com

    The minimum wage in Romania

    A country’s minimum wage refers to the minimum base salary you’ll have to pay an employee per day.

    According to Wage Indicator, the minimum wage for a full-time Romanian employee is 3,000 RON (671 USD) per month. 

    The minimum wage is calculated based on a fixed working hour requirement. Foreign nationals and foreign workers are also covered under this law.

    Note: Aside from the minimum wage, the Labor Law in Romania requires employers to provide mandatory employee benefits, including:

    • Sick leave of up to 183 days annually.
    • Social security payments.
    • Minimum termination notice period of 20 days.

    Wondering how this compares to the national minimum wage in other European countries?

    Let’s find out.  

    Minimum wage and average salary in Romania Vs. other EU countries

    Here’s a breakdown of how the Romanian minimum salary and average monthly salary compare to other EU member countries:

    EU Member State Minimum Wage Per Month Average Salary Per Month Average Salary Comparison to Romania (in %)
    Romania  671 USD 2,008 USD –
    Belgium 2,004 USD 7,015 USD 109%
    France 1,828 USD 4,710 USD 78%
    Luxembourg 2,574 USD 4,740 USD 78%
    Malta 903 USD 5,277 USD 87%
    Netherlands 1,968 USD 5,575 USD 92%
    Germany 2,001 USD 4,352 USD 71%
    Austria No statutory minimum wage 4,333 USD 70%
    Denmark No statutory minimum wage. 6,681 USD 69%
    Ireland 2,024 USD 3,666 USD 55%
    Portugal 938 USD 3,141 USD 41%
    Estonia 745 USD 3,124 USD 40%
    Spain 1,284 USD 3,095 USD 40%
    Czech Republic 729 USD 2,863 USD 32%
    Slovakia 736 USD 2,490 USD 18%
    Croatia 716 USD 2,243 USD 8%
    Slovenia 1,225 USD 2,250 USD 8%

    Source: salaryexplorer.com

    Romania has one of the lowest minimum wage amongst other European countries. 

    If these salary trends aren’t promising enough, there are more reasons why you should consider outsourcing to Romania. 

    3 key reasons to consider outsourcing to Romania

    Here’s why Romania can be the perfect outsourcing destination for your business:

    1. Highly educated and skilled talent pool

    Romania is home to some of the world’s best computer science and technical universities. 

    The education ecosystem has resulted in students graduating with advanced IT (Information and Technology) and software developing skills. 

    The Polytechnic University of Bucharest, Babes-Bolyai University in Cluj Napoca, and the Polytechnic University of Timisoara, are some of the most important educational institutions. 

    2. Home to premier IT hubs

    Over the last few years, Romania has gained popularity for its fast-developing IT hubs. 

    Bucharest, the country’s main IT hub, is the 16th largest IT hub in Europe. It houses talented software developers who specialize in various programming languages like Python, Java, and JavaScript.

    Cluj Napoca, the other key IT hub, is dubbed the “Silicon Valley of Eastern Europe.” The thriving IT scene supports over 15,000 IT specialists and over 1,300 businesses. 

    3. Stable economic growth

    Romania offers companies a stable economic condition to grow their businesses. The country has one of the fastest growth rates in the European Union. 

    Like the rest of the world, Romania’s economy was impacted by the COVID-19 pandemic. In 2020, the economy contracted by 3.9 percent, and the country’s GDP (Gross Domestic Product) per capita was 12,896.09 USD. 

    However, over the next two years, the country’s GDP growth is projected to remain strong, at about 4.5% in 2022 and 2023. 

    With these reasons in mind, let’s look at the top industries outsourcing to Romania.

    Top 3 industries to outsource to Romania

    You can outsource most non-core tasks to Romania. But here’s a closer look at some of the most popular ones:

    1. Software development

    Romania is one of the key players in the software outsourcing scene. 

    According to assessments made by HackerRank, Romania ranks 20th amongst countries that have the best developers. 

    Additionally, Romania makes the top three countries in Europe in terms of the number of software developers. The country holds 20% of the total IT&C employees from Central and Eastern Europe. 

    The availability of skilled developers and the resources provided by advanced tech hubs, make Romania a preferred destination for software development outsourcing. 

    2. Business Process Outsourcing (BPO)

    The BPO outsourcing sector in Romania is noted for:

    • English-language proficiency of the available workforce.
    • Similar time zones to other EU and North American countries.
    • Relatively low labor costs for an EU member state.

    The Romanian BPO market now includes more than 250 companies, forming an estimated market of over 1.5 billion Euros (EUR).

    3. Knowledge Process Outsourcing (KPO)

    KPO includes outsourcing information processing in large volumes, used in several business activities, including: 

    • Financial and Investment research.
    • Data Analysis and Interpretation.
    • Research and Development.

    Handling data in large volumes would require hiring a large specialized workforce. But because Romania has low average salaries, you can access these KPO services at nominal costs by outsourcing to the country. 

    Wrapping up

    Although the average salary and minimum wages in Romania are steadily increasing, it’s still lower than most developed countries worldwide. 

    This lets you access a technically skilled talent pool and IT infrastructure at affordable costs, making Romania a popular choice for outsourcing.

    Use the information in this article to understand the average salaries in Romania and determine if outsourcing to the country is the right move for your business.

     
     

    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Management

    Report: 80% Say Salary Isn’t Keeping Up With Inflation

    Management

    Synchronous and Asynchronous Communication for Remote Teams| Remote.co

    Management

    Getting to Know Your Virtual Team: 10 Strategies

    Management

    10 Tips to Succeed as a Fully Remote Company

    Management

    How to Hire Contractors for Your Remote Team

    Management

    Remote Management Tips for Top-Level Managers

    Management

    How to Inspire Innovation on Remote Teams

    Management

    How to Drive Employee Motivation with Company Culture

    Leave A Reply Cancel Reply

    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • Pinterest
    Study Abroad

    Korea, China streamline official document certification process

    Korean and Chinese flags / YonhapBy Kim Hyun-binKorea and China are simplifying their official document…

    Faculty Corner | Wittenberg University

    PERM Layoffs | Berardi Immigration Law

    9 tools and tips to train your remote workforce

    Top Insights
    Study Abroad

    STUDY ABROAD: Proposed policy changes to permit Indian students to practise medicine in Philippines may help their careers

    Study Abroad

    Studying in USA: One in four student visas issued worldwide was in India

    Offshoring

    Outsourcing to Sri Lanka: Benefits, challenges, industries

    Study Abroad

    Eisenhower senior to fulfill goal studying abroad | News, Sports, Jobs

    Study Abroad

    UM-Flint faculty, students glean insights from European education expedition

    Most Popular
    Remote Work

    10 High Paying Jobs, Without a Degree

    Study Abroad

    Stonehill College student recovering after cycling crash while studying abroad – Boston News, Weather, Sports

    Remote Work

    10 Companies Hiring for Remote Editing Jobs

    Categories
    • Business (61)
    • Job Board (243)
    • Job Search (60)
    • Management (55)
    • Offshoring (57)
    • Productivity (127)
    • Remote Teams (59)
    • Remote Work (251)
    • Study Abroad (1,949)
    Our Picks

    Archer Fellowship brings Roadrunners to nation’s capital for policymaking internships | UTSA Today | UTSA

    Study Abroad

    My favourite things about LSE as a Study Abroad student

    Study Abroad

    Can International Experience Get You Hired?

    Study Abroad
    FarAwayJobs
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Job Board
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    © 2025 FarAwayJobs.

    Type above and press Enter to search. Press Esc to cancel.