Slovenia’s jobless total down 14.3% to 87,655 in May

Slovenia had 87,655 people registered as unemployed at the end of May, 3.8% fewer than in April and 14.3% fewer than in the same month a year ago, data from the Employment Service shows.

A total 5,210 were newly registered as unemployed in May, down 9.1% year-on-year and up 0.4% from April.

Of the 8,642 persons who were removed from the unemployed roll in May, 6,084 got a job or became self-employed, which is down 12.2% from April and down 6.8% from May 2016.

Most of the newly unemployed (2,835) became so after their fixed-term job contracts expired, 570 were first job seekers and 919 were made redundant or their company went bankrupt.

In the first five months of the year, an average 95,801 a month were registered as out of a job, a decline of 13.3% compared to the same period a year ago.

From January to the end of May, 35,194 were registered as newly unemployed, down 8.7% year-on-year. The reason for most was because their fixed-term jobs ended (20,555).

In the first five months of the year, 35,319 found a job. That is 8.5% fewer than in the same period a year ago.

The last available data for the registered unemployment rate is for March, when it stood at 10.2% or 0.7 percentage points down from February.

What career opportunities are for the graduates of the faculty of Foreign Languages and Literatures, one of the most sought-after faculties this year in Romania?

Exotic foreign speakers, such as German, Dutch or Danish, are among the most sought-after candidates on the labor market, while foreign languages ​​best paid are Scandinavian, Asian and Arabic.

“The popularity of foreign languages ​​is not by chance. Recently, a human resource company has placed this specialization among the most sought-after in the labor market. The employment prospects for graduates of the Faculty of Foreign Languages ​​and Literatures are varied, both as a role and as an industry, “said Eduard Paştalac, president of the Students’ Association of Foreign Languages.

Language graduates have a wide range of opportunities from job positions such as customer care, accounting, IT, outsourcing, HR and tourism to language teacher jobs followed by a career in translations.

“As a translator you can be hired full time in a company, translation office or law firm. You can opt to be a freelance professional, as an interpreter or translator. Thus, you can manage your own time, work from home or anywhere else, including traveling, which is a great advantage, especially for women, who can find a healthy balance between careers and family” said Irina Romanov, translator and founder of the Academy of Translation.

Also, for future graduates wishing to pursue a career in translations, the knowledge of two foreign languages ​​can provide them with a salary above the average in this sector, as the best paid translations are those from one language to another.

This year, the faculty of Foreign Languages ​​and Literatures gathered 1,700 candidates who opted for the competitions, generating a competition of 76 entries on the spot.

“At the admission, the most sought after languages ​​were Italian, Portuguese, Russian, Japanese, Arabic, Neo-Gothic, with a range of between 25 and 6 per language depending on the language, but graduates with the highest wages, will be those who know less widely known languages, such as Danish, Finnish, Dutch, Norwegian, Swedish, Chinese, Arabic, Japanese, Russian or Hindi, “said Associations of Students in Foreign Languages

Employment situation in Romania

The labor factor

The general condition of any activity – is ensured, like other factors of production, through the market.The labor market is also based on meeting and confronting demand with the offer.It works in every country, on different groups of countries and on the world scale.

Any activity that initiates or exists in society generates the need for work. This is the total amount of work required for activities in a country over a given period. But it is not entirely a demand that expresses itself on the labor market. The general condition for the need for work to take the form of labor demand is its remuneration, its salary. That is why, the demand for work does not include activities that can be done by housewives, term wizards, students, other non-salaried people.

Demand for work

Is the need for wage labor that is formed at a time in a market economy.

Demand to express through the number of jobs.

Satisfaction with the need for work is done on the basis of the use of the available labor availability in the society, ie the volume of labor that can be earned by the working population of that country in the given period. And in this case, we must keep in mind that not all job vacancies constitute the offer, but only those to be remunerated, paid.

The job offer

Consists of the work that the members of the company can make in wage conditions. Therefore, the job offer does not include domestic women, students, term soldiers and other non-salaried people.

Methodology of calculating labor resources

The work resources existing at one time in the society express the number of people capable of work, that is, that part of the population that possesses all the physical and intellectual capacities that allow them to carry out a useful activity.

Measuring the degree of vacancy of the workforce

One of the main objectives of economic policy in any country is to ensure full employment. The issue of employment is one of the important concerns of the macroeconomic analysis. In the case of macroeconomic analysis through full employment, there is a situation where the unemployment rate has a certain acceptable level (about 4% is considered the natural rate of unemployment). Therefore, it is considered more appropriate to have the term of high employment in place of the full occupation (total).

In national and international statistics, there are several indicators on the number of unemployed and the unemployment rate.

Regarding the number of unemployed, the most used indicators are:

The number of unemployed in the sense of ILO – the International Labor Office – (or the standard definition of unemployment) is made up of all persons aged 14 and over who, during the reference period, simultaneously fulfill the following conditions:

  • not working, not having a job
  • It is possible to start work immediately
  • I am looking for a place to work
  • As a consequence, unemployed people are considered:
  • dismissed persons
  • people looking for the first job (graduates of secondary, vocational, university)
  • people (usually women) who, after a voluntary interruption of their activity, request their resumption
  • Part-time, temporary or seasonal employees looking for a full-time job
  • people who have lost or renounced their previous status (self-employed, patron, unpaid family worker) and are looking for the first time job seeker

The employment rate reached 66% in 2015, below the EU average of 70%

The employment rate of the Romanian population aged between 20 and 64 reached 66% in 2015, slightly increasing compared to 2014 (when it was 65.7%), but still far from the average record. The level of the European Union states, of 70.1% in 2015, shows data published yesterday by Eurostat.

The distribution of employment by sex shows that men in the 20-64 age group registered a higher employment rate of 74.7%, while the employment rate among women in Romania was 57.2% last year. Although this indicator has increased in recent years, Romania needs to increase its employment rate for the population in this age category by another 4 percentage points over the next five years, given that 70% is the target set for Romania in the Europe 2020 strategy. Instead, countries such as Germany, Estonia, Lithuania or Sweden have already reached their target of employment by 2020. Thus, in Germany the employment rate reached 78%, in Estonia 76.5% in Lithuania 73.4%, and in Sweden it reached 80.5% (this being the highest level among EU countries).

The opposite is the situation in countries like Greece (where the employment rate is 54.9%), Croatia and Italy (with a 60.5% employment rate) and Spain (62%).

The employment rate is the share of the employed population (all persons who paid work during the survey) in the age group 20 and 64 in the total population of the same age group (20-64).

Training employees in Slovenia

More and more young people continue their studies to achieve higher education, but this is more due to the lack of employment opportunities at the labour market. In the period 2000-2011, the share of young (25-29 years) who were in education increased from 23% to 37% and most of them (56%) achieved university education or more. But a higher level of education makes young people even less employable, since they are too expensive for the employers (Lavrič et al. 2010).

Results of the international comparative study on human resources management CRANET for 2008 show, that 30.9% of large Slovenian organisations (with 200 and more employees) implemented measures for recruiting young workers, 38.2% of large companies had trainings for young workers and 28.8% introduced advancement in career for young workers. Cranet research has been conducted for over 20 years and is coordinated by the Cranfield University, School of Management, Great Britain. The aim of this study is to observe HRM in organizations from longitudinal internationally comparative perspective. In 2001, Slovenia joined more than 40 European and other countries that had participated in the study. The first research was conducted by the Organizations and Human Resources Research Centre, Faculty of Social Sciences, University of Ljubljana. In 2008, the research was conducted for the third time and 219 organizations participated.

Most wanted employers in Romania in 2017

In 2017, the top of the most wanted employers is dominated by IT, automotive, oil & gas, and fast-moving consumer goods (FMCG) companies. Here are the companies which occupy the first 10 places in the top 20 most wanted employers in Romania, made in March – May this year by Catalyst Solutions:

  1. Oracle,
  2. Microsoft,
  3. IBM,
  4. Continental,
  5. Google,
  6. OMV Petrom,
  7. Vodafone,
  8. Amazon,
  9. Group Renault România,
  10. Coca-Cola HBC.

The study participants were asked which are the top 3 companies they want to work in, and their responses were open.

What are the criteria according to which respondents choose their employer?
The study also analyzes the criteria underlying the decision on which candidates choose their preferred company. The pleasant work environment alongside the payroll and benefits package offered by the company are one of the most popular criteria an employee searches for. The following criteria are job security, career opportunities and training programs that the company offers.
In a market where the number of career opportunities is bidding, the decision-making process becomes more refined, the candidates take into account several aspects and value a number of other criteria besides the financial ones.

Where do candidates get information about companies?

Another dimension analyzed in the study refers to the ways of communication used by respondents when they want to learn more about companies and career opportunities.

The results show that in the top of the sources of information are the job portals (75.43%), the recommendations received from friends and colleagues (63.54%), along with companies’ websites (58.67%). In addition, the Linkedin social network (54.58%), personal interaction with employers (53.66%), advertisements of employers on news and specialty sites (50.76%) and job fairs (47, 40%) are preferred by the respondents.

Although online media and social networks are pretty popular, potential candidates do not neglect direct interaction with the organization’s representatives. Most of the time, they are looking for those places where they can talk directly with employees from the target companies, whether they are events at the company headquarters, career fairs, or other business events that a particular employer is attending. Feedback from friends or colleagues also weighs heavily on the employment decision. That is why the experience that companies provide to current employees is defining their reputation in the market.