Most managers in Bulgaria are convinced that it is almost impossible to find capable employees in Bulgaria. Indeed it seems that most of them have left the country or live confortably without having to earn a salary. If today's real estate bubble is certainly one of the reasons to explain the sudden increase in purchasing power and decrease in work moral is is certainly not sufficient to give a full picture of the situation.
Most of our projects in Bulgaria have shown that it is not the resource shortage that is the issue, but the organisation of the companies and the low level of productivity. It is not an exception to find employees who generate value less than 4 hours per day, which corresponds to a productivity level of about 50%. In companies in Western Europe, the corresponding rate is at least 85% according to the annual productivity study of Proudfoot Consulting .
This means that about 30% to 40% of the employees can be made redundant without testing in any way the limits of the production processes, may it be in the manufacturing, service of public area.
It is facinating to see that companies which such a productivity level can still be profitable. In Western Europe, they would have been gone for a long time. This should of course be no reason not to address the issue. Indeed, with the growing level of the salaries and the increasing pressure of the competition, the profit margin will be squized soon.
Instead of looking for new employees, it would be more sensible to get an external view about your organisation and processes and about the quality of your workforce. Based on this analysis, you will know how to tackle the issues at hand and enhance the success chances of your company.
Companies like Trust & Value OOD have a long tradition of generating real value for their customers in Western Europe. They would be pleased to demonstrate their proven methods to you.
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