The annual HR Trends and Salary survey was conducted by Randstad between November 2015 and February 2016 with 340 decision makers participating from businesses in a variety of industries in Greece. The purpose of the survey is to capture human capital trends; more precisely, human capital strategies, ways to attract talent, effective recruitment sources, relevant recruitment practices and compensation & benefits strategies.

The survey confirms that more than 80% of the companies which participated were affected by the economic situation in 2015. However, the report also identifies a possible sign of economic recovery with most of the surveyed businesses planning to recruit in 2016 and most new hires to be deployed in sales departments, which is another sign of recovery. Other departments which may see increases in headcount include IT/technology and marketing/communications departments. The two main reasons for new hires are the need for new skills and launch of new products, amongst others. Nevertheless, the survey reveals the Greek market is constantly changing, and not only by the constant ups and downs of the economy.

HR challenges in 2016 related to increased performance and productivity, attracting talent for the next phase of growth, creating a good working environment or retaining top performers. Although only 15% of the participating companies stated that they will not be impacted by skills shortages, the large majority will be and is prepared with actions in place to address these shortages such as education/training, salary improvements and benefits to retain/attract talent, to name a few.

According to the respondent's, staff turnover is not higher than last year in most surveyed businesses. However, attracting the right talent is crucial as is retaining top talent. The survey participants mentioned the benefits offered to retain top talent include career development, training, salary and bonuses, amongst others. The reasons employees tend to give when leaving their employer mostly relate to a better offer, a desire to pursue a different career path or better internal career development opportunities.

According to the research, the top two most effective sources of talent is through employee referrals and recruitment companies. Personal interviews and cv's are the most important practices when recruiting while tests and degree verifications are considered support tools. On average, it takes between 1 to 3 months to fill a permanent position for most companies, although 25% state that they succeed in filling a vacancy in 1 month.

Furthermore, the report also provides statistics on monthly salaries for different job positions in a variety of industries and geographical regions of Greece.