SocGen: Market value of mediocre employees will drop like land prices do

Skilled staff will continue to be expensive and in demand by employers, even in the context of the economic crisis. However, employees who ended up with good jobs and high salaries due to economic conditions and to the talent shortage on the market, will no longer have an easy time finding a job, according to Florin Luca, deputy general manager for international banking within French group Société Générale. “Mediocre employees, who took advantage of the opportunities that arose in Romania following the economic boom of the last few years, will no longer have the same options as in the past. Skilled employees will continue to be ‘expensive’ on the labour market. It is mediocre employees who will stand to suffer: their market value, unrealistically inflated over the last few years, will fall just like land prices do,” says Luca who, since this spring, coordinates from the Paris headquarters, the group’s global retail HR operations in 37 countries and over 50,000 employees.