Multinationals rely on local managers

Multinational companies will grow more reliant on the domestic managers that will replace expats and will come to be as well-paid as their expat counterparts, Joseph J. Schiele, international consultant and former senior manager of Ford Motor told ZIARUL FINANCIAR. “The multinationals may send the best managers to Romania, but there is the risk that they are not necessarily the best here, because there will always be economic, as well as cultural and political differences,” Schiele stated. He expressed conviction that a Romanian manager was the best choice to run a business on the domestic market. In his opinion, the increasing levels of performance by Romanian managers and the integration into the European Union will be the reasons that will make salaries rise and be rally to those on the international markets, even though this will not happen right away but in three to five years. “The companies that want to keep the best managers will have to pay them better or else the valuable people here will leave abroad,” Schiele added. He specified that already the domestic managers in the banking industry were as well paid as the expats and believes this trend is becoming increasingly more noticeable in other industries. ZF