The annual «HR Trends and Salary Report» was conducted this year by Randstad between December 2018 and March 2019. 433 key decision makers and human resources executives across a variety of different industries such as FMCG, consumer products, construction, tourism, etc., in Greece participated in face to face in-depth interviews.

The research explores various trends and developments impacting businesses operating in Greece, in order to reflect the general trends of the Greek market reality.  The research showcases trends in attracting talent, human capital strategy, recruiting practices, and talent retention, whilst presenting an overview of the opportunities and challenges faced by professionals in today's agile business environment.

human capital strategy.

An important finding of the research is that more than one in three companies expect sales volume to increase in 2019, which follows the positive trend from previous years. More than 30% of the respondents also expect to see a business growth of more than 10%.

Particularly optimistic is the fact that 82% of the companies surveyed continue to plan recruitment of  permanent personnel during 2019, a 1% increase since the previous year. Company growth is the main reason for forecasted recruitment of new employees in 2019, an increase of 17.2% compared to 2018.

As in previous years, recruitment of new employees is expected mainly in the sales and technology departments.  This year’s research shows even higher rates than last year. The recruitment plans for the other departments are also expected to increase slightly in comparison to 2018.

With regards to addressing skill shortages of their staff, almost 65% of companies are implementing education and training programs. To a lesser extent, companies are planning to improve their salary/benefits packages to overcome skill shortages.

Equally, there is a willingness to improve compensation packages to attract and retain talent, as nearly half of the participating companies are willing to raise wages by 15% to achieve this goal. Sales and technology departments are those in which the companies surveyed are planning to invest more, which is in line with the recruitment plans.

recruiting practices.

Most of the companies surveyed reported face to face and competence interviews as the leading hiring practices, something which was also observed in 2018.
Regarding the sources used to recruit talent, recommendations from current employees remains the leading recruitment source, and marks an increase compared to last year from 65% to 79%. Other top sources, like in the previous year include job boards and recruitment companies/search firms.

talent retention.

60% of the companies surveyed indicated optimism stating that they did not expect any changes in employee turnover rates this year compared with 2018. The main reason why employees leave a company is receiving a better compensation offer from another company.
The research reveals that career development is considered to be the most effective way of retaining talent in 2019, up 21% from 2018, followed by competitive salary, a factor that also marks an increase of 6%.

attracting talent.

As in the previous year, the respondents stated that in 2019, the key element for attracting top talent is a very competitive salary package, followed by a strong employer brand and flexible work policies/good work balance, which are more important for companies this year.
Similarly, as in the previous year, the main reason for failing to attract the right talent is the offer of an uncompetitive salary or benefits, followed by poor reputation of the organisation or a weak employer brand.

salaries in greece.

Further to the insights offered into various trends and developments impacting business and HR practices in Greece, the research also includes the salary ranges for various job profiles in various sectors. An increase in the salary packages in the technology sector is noticed in 2019, reflecting the growing impact of technology on corporate strategies and business.

It should be noted that the salaries recorded in the research are determined by the size of the company, the responsibilities that each job requires, the years of work experience, the academic background, the skills and other requirements of each company.

To view the detailed 2019 HR Trends and Salary report, click here.



about randstad.

Randstad is the global leader in the HR services industry. We support people and organizations in realizing their true potential. We do this by combining the power of today’s technology with our passion for people. We call it Human Forward. Our services range from regular temporary Staffing and permanent placements to Inhouse Services, Professionals, and HR Solutions, including Recruitment Process Outsourcing, Managed Services Programs and outplacement. 

Randstad is active in 38 countries around the world and has top-three positions in almost half of these. In 2018, Randstad had on average 38,820 corporate employees and 4,826 branches and Inhouse locations. In 2018, Randstad generated revenue of € 23.8 billion and holds the world’s number one position in its industry since November 2018. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad N.V. is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information, see www.randstad.gr.