For that, we need to invest in people and their skills, and in processes and technology to increase the scalability of the services we offer – and this allows us to demand more for what we offer, moving away from the trap of 'staying cheap to stay competitive'," he added. To be competitive, we must continuously improve what we do and the value we deliver. Additionally, a large number of young people still choose to leave Romania. "In the Romanian business environment, across almost all sectors, there is pressure on salaries, finding good employees, and motivating and retaining them. ![]() Low labor costs are no longer the primary reason for a foreign company to offshore its services in Romania," said Florian Teleabă, principal and managing director of Kearney's office in Bucharest. "To maintain and even increase its attractiveness as an offshore services location, Romania needs to focus on three main directions: (1) increasing IT and digital competencies, (2) adapting the workforce, especially to new technologies, and (3) talent retention. ![]() Romania remains relatively attractive in terms of finances (low labor costs), workforce availability, and digital skills, but it is losing ground to neighboring countries concerning digitalization and the business environment, the report says, cited by Economedia.ro. ![]() Romania has risen to 10th place in Europe and 30th globally in the ranking of the most attractive locations for offshore services, showing a slight improvement compared to the 2021 study, according to a report by the global consulting firm Kearney.
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