HR companies: Employees are now willing to work for much lower salaries

Recruitment and executive search companies are getting more and more CVs from employees in real estate, banks, manufacturing, PR and advertising, who have been affected by streamlining and reorganisation and are willing to work for lower salaries.

"Whereas a year ago we could only find two brazen kids asking for a fixed salary of at least 1,000 euros; who were used to sitting in the showroom and waiting for customers, and thought they were doing a good job, we are now seeing hard-working people come to us who settle for 600 euro salaries and understand that tough times are ahead, so they are willing to stay at the office from morning until evening," says Valentin Ilie, CEO of real estate consultancy firm Coldwell Banker Affiliates of Romania, one of the biggest players that has recently entered the market.

Ziarul Financiar