Considerations concerning the analysis of the wage costs efficiency

In this article, the authors sought to study the efficiency of the staff costs and its reflection upon the main economic and financial indicators of a company. In the performed study, the application of the factor analysis models was made at the level of an industrial trading company the social object of which is manufacturing automotive subassemblies. The efficiency of the wage costs was monitored by the correlation between the average wage and the labour efficiency as well as by means of the indicators used for the general expression of their efficiency, such as: staff costs at an operating income, turnover or added value of 1,000 Lei. Moreover, highlighting the economic and financial consequences of their modification on the main key performance indicators of the company was considered. The conclusions that were drawn are useful for the management company for the substantiation of the decisions related to the improvement of the usage of the human resources, with direct positive consequences upon the reduction of the wage costs to 1,000 Lei and of the wage costs per product unit, as well as upon the profit increase.staff costs, efficiency, labour efficiency, average wage

Analysis of the Structure Ratios of the Funding Sources

The funding sources of the assets and liabilities in the balance sheet include equity capitals and the debts of the entity. The analysis of the structure rates of the funding sources allows for making assessments related to the funding policy, highlighting the financial autonomy and how resources are provided. Using the literature specializing in economic and financial analysis, this paper aims at presenting these rates that focus, on the one hand, to reflect the degree of financial dependence (the rate of financial stability, the rate of global financial autonomy, the rate of on-term financial autonomy) and on the other hand the debt structure (the rate of short-term debts, the global indebtedness rate, the on-term indebtedness rate). Based on the financial statements of an entity in the  Argeş County, I analysed these indicators, and I drew conclusions and made assessments related to the autonomy, indebtedness and financial stability of the studied entity

THE ANALYSIS OF THE ENTERPRISE SOCIAL MANAGEMENT BASED ON DASHBOARDS AND SOCIAL INDICATORS

This paper proposes a focus upon the aspects related to social indicators found in the social dashboards which are necessary for a good social enterprise management. The formal recognition of the need for social information took place in France, once with the promulgation of the social balance sheet law. It can be considered a dashboard with annual frequency, containing a number of indicators which allow a precise diagnosis of human resources and social aspects. The law of 1977 stated the social balance sheet by identifying aspects of human resources, with emphasis on social indicators. The paper presents in detail the milestones of emergence and evolution of social balance sheet, but also its objectives as a dashboard. The develop of social dashboards can be a guarantee of a good "social health” of the organizations in which they are perceived as a management tool because they simplify the Human Resources reporting and analysis.social management, social information, social indicators, social dashboards, social balance sheet

SMEs Competitiveness Reflected Through Productivity - Comparative Study Between Romania and the EU

The aim of this paper is to provide a basis for discussion about the competitiveness in Romania and in EU27, focused on the employment, value added and productivity of the SME in the economic crisis context.The current global crisis caused also a temporary halt in Romanian SME development, reducing their number, their contribution to employment and to GDP by value added.The economic crisis may be a threat or an opportunity, depending on the behaviour of SME; it is a threat if SME are acting like victims, and an opportunity, if they know how to adapt to changes, having a good view of events in progress, and managing this way to maintain or increase their competitiveness. This study, based on statistical data at European level aims to highlight the results of these behaviours reflected in the productivity level in Romania and in the E

The analysis of the enterprise social management based on dashboards and social indicators

This paper proposes a focus upon the aspects related to social indicators found in the social dashboards which are necessary for a good social enterprise management.The formal recognition of the need for social information took place in France, once with the promulgation of the social balance sheet law. It can be considered a dashboard with annual frequency, containing a number of indicators which allow a precise diagnosis of human resources and social aspects. The law of 1977 stated the social balance sheet by identifying aspects of human resources, with emphasis on social indicators.The paper presents in detail the milestones of emergence and evolution of social balance sheet, but also its objectives as a dashboard. The develop of social dashboards can be a guarantee of a good "social health” of the organizations in which they are perceived as a management tool because they simplify the Human Resources reporting and analysis

Analysis of the temporary evolution of the Romanian migration flows abroad, on migration routes

This article analyses the international migration of the Romanians based on their direction, within the extent of 1990-2008. The tendencies are being examined depending on the region of origin and of destination of the migrants and also depending on the residential environment of migrants. The study details the labour circular migration, divided on the fourth main courses. The authors try to conduct a literature review on the subject, emphasising the conclusions of different studies conducted for the considered period.International migration, migration routes, migration flows, circular migration, permanent migration, Romanians migration

THE TEMPORAL EVOLUTION OF INTERNAL MIGRATORY FLOWS, UPON MIGRATORY DIRECTIONS

This article analyses the internal migration of the Romanians based on their direction, within the extent of 1990-2008. The tendencies are being examined depending on the region of origin and of destination of the migrants and also depending on their res

Selecting strategic industries: international practice

Our paper pleads for the importance of strategic industries in the context of the renewed interest in industrial policy. Methods of identifying strategic industries are presented and accompanied by examples of industrial policy measures in countries as USA and Japan. The EU industrial profile is briefly presented so that a correlation between selection criteria of strategic industries and the EU strategic options could be drawn. These correlations represent a view at the EU level and differ from the ones that can be made at members’ country level, based on the common industrial strategy. Strategic sectors will remain a focus point on the industrial agenda of most countries but motivations and selection criteria are widely different

Considerations concerning the analysis of the wage costs efficiency

In this article, the authors sought to study the efficiency of the staff costs and its reflection upon the main economic and financial indicators of a company. In the performed study, the application of the factor analysis models was made at the level of an industrial trading company the social object of which is manufacturing automotive subassemblies. The efficiency of the wage costs was monitored by the correlation between the average wage and the labour efficiency as well as by means of the indicators used for the general expression of their efficiency, such as: staff costs at an operating income, turnover or added value of 1,000 Lei. Moreover, highlighting the economic and financial consequences of their modification on the main key performance indicators of the company was considered. The conclusions that were drawn are useful for the management company for the substantiation of the decisions related to the improvement of the usage of the human resources, with direct positive consequences upon the reduction of the wage costs to 1,000 Lei and of the wage costs per product unit, as well as upon the profit increase

Changes in the Romanian automotive parts sector in the context of globalization

This paper explores the changes in the auto parts sector from the industrial policy perspective of Romania, in the context of globalization. We propose to find the place of the means of transport industry in the processing industry sector and we studied the document of Industrial Policy for 2005-2008 in Romania. Another issue treated in our paper is the impact of the industrial restructurings in Romania on the human resources in the automotive industry. The Romanian national policies of development will be strongly connected to the EU policies and objectives as well as to its principles and regulations, to ensure an European style of development and to reduce as quick as possible the significant disparities versus EU. This connection has been determined and will continue to determine industrial reorganization which leads to unemployment and will have a direct impact on the human resources, including automotive industry and especially the automotive parts area. The directions of the Romanian industrial policies and the SWOT analysis of the automotive industry and automotive parts sector are a support to emphasize the changes that occur and which will continue to affect the production factors involved in this area