CORRELATIVE ASPECTS REGARDING THE ANALYSIS OF THE ROMANIAN WAGE SYSTEM AND THE SYSTEMS IMPLEMENTED AT EUROPEAN LEVEL

• Main Authors: Ștefaniță ȘUȘU, Irina GRĂDINARIU
• Format: Article
• Language: English
• Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2017-12-01
• Series: USV Annals of Economics and Public Administration
• Subjects: analysis; workforce; gross minimum wage; national economy; EU member countries
• Online Access: http://annals.seap.usv.ro/index.php/annals/article/view/1026/896

Over time, the pay problem has occupied a very important place in the theory and practice of economic sciences. Since ancient times, this topic has raised the interest of many researchers who have created a variety of theories about salary. Subsequently, it was necessary to classify the forms of remuneration used in practice; thus, salary items have been established, and in the past years some non-financial ways of remunerating human resources have been applied. It can be seen that the payroll system has made continuous progress. Wages vary from one country to another, from one country to another. Payroll systems are present in each country, they may be similar to those in other countries, but others may be unique at international level. A brief comparative analysis of these wage systems conducted at European level may indicate the major differences that exist between economically developed and less developed countries. In some European countries the minimum wage applies, unlike other countries that have not yet regulated it. As far as Romania is concerned, the minimum wage does not provide a high standard of living for its citizens, even though there have been many wage increases in recent years, currently the second lowest guaranteed minimum wage among all EU countries.