Over 1600 students from Bucharest, Cluj-Napoca, Iasi, Timisoara and Oradea applied for a position at EY this spring. This year’s recruiting campaign was the most complex one so far, and consisted of online applications, video interviews, perseverance assessment tests, interviews with EY managers, and selection through two competitions – EY Tax Academy and EY Mega Days.
By recruiting some of the most talented and motivated young graduates in 2015, graduates for which EY will be the first work experience, the company assumes the responsibility to guide their careers and give them opportunities for professional development.
"The labor market in Romania brings up challenges that 5-10 years ago were not so visible. For example, the number of students has decreased on a yearly basis, reaching to almost half the level in 2008. Calibrating the academic programs to market needs is very difficult, and the pace of change in the economy and society is rapidly increasing. Due to this we have an exceptional human capital in Romania not achieving its potential. We have talented young people who need guidance and support to acquire the skills needed in the marketplace at this point.
Therefore, we have assumed the role of growing a new generation of business leaders by offering numerous development programs and training and work experience backed by EY’s global resources, multinational teams, and best practices,- “explains Bogdan Ion, Country Managing Partner, EY Romania.
According to the surveys on that targeted the most desirable employers, published by Catalyst and Trendence in late July, in professional services, EY Romania is currently the employer of choice in the country and the most wanted employer of the Big4 companies. Also EY holds the first position, and is preferred by young people and MSc students, being perceived as the company with the most attractive and innovative training programs. Overall, according to Trendence, EY Romania ranks 7th in the Top10 companies young people in Romania wish to work for.
"In recent years we've worked hard to convey the EY values outside the company, to young people looking for a job where they can integrate their life principles, aspirations and development needs. Students are very interested in starting their career in a company that is flexible and willing to invest in their development. At EY, the employee is directly involved in building his experience and has the tools to develop continuously. EYU (EY and You) is the platform through which they can create and optimize a development plan based on coaching, training and exposure to local and international market experience. Moreover, EY managers assumed the role of mentors, providing coaching and mentoring to colleagues who are at early development stages in their careers,” explains Andreea Mihnea, Human Resources Director, EY Romania.
According to the Catalyst study, the criteria by which respondents selected the ranking of their preferred employer, included the wages and benefits package offered by the company, followed by the company's reputation, for candidates with an economic profile. In addition, the survey results show that respondents have a growing interest in economics and other benefits provided by employers, such as health insurance.
"We are currently the most sought after company young people want to work for, in the auditing and consultancy business in Romania. This rank among their preferences is the direct result of the investments we make in people - from salary and benefits package, training and certification programs and to international policy flexibility, inclusion and diversity. These investments are those that can stop the <<brain drain phenomenon>>. Our young people deserve to be appreciated and supported in their career in their home country! " concludes Andreea Mihnea.
About EY Romania
EY is one of the largest global professional services firms, with 210,000 employees in over 700 offices in 150 countries and revenues of approximately USD 27.4 billion in the fiscal year that ended on June 30, 2014. Our Network is the most globally integrated and its resources help us in providing customers with services that take advantage of opportunities around the world. In Romania, EY is one of the leading professional service providers on the market since its inception in 1992. Over 650 employees in Romania and Moldova provide seamless assurance, tax, transaction and advisory services to multinational and local companies. We have offices in Bucharest, Cluj-Napoca, Timisoara, Iasi and Chisinau. EY Romania joined in 2014 the only global competition dedicated to entrepreneurship, the ‘EY Entrepreneur of the Year’. The local winner represents Romania at the world final which takes place every year in June in Monte Carlo. The title awarded after the world finals is World Entrepreneur of the Year. For more information, visit our website: www.ey.com.