Bulgarian Companies in 23 Sectors to Be Rated according to Economic Condition

Bulgarian Companies in 23 Sectors to Be Rated according to Economic Condition

Bulgarian companies in 23 sectors will participate in a rating system of employers every year, said Bozhidar Danev, Executive Chairman of the Bulgarian Industrial Association (BIA), and Plamen Dimitrov, President of the Confederation of Independent Trade Unions in Bulgaria (CITUB).
They gave a joint news conference on the launch of the online rating system which will be integrated into MyCompetence, a Competence Assessment Information System developed by BIA. The employer assessment rating system will be fed data on the employers' economic condition and social responsibility and on working conditions at the companies. Employers who break the law, delay wage payments or do not offer proper working conditions will be put on a blacklist, said Dimitrov and Danev.
Employers will be assessed along indicators for the financial year of the rating: number of employees, wages and social insurance contributions paid, annual turnover, declared pre-tax profit, and profits tax. Indicators including return on investment, efficiency, financial autonomy, assets turnover, and human resources management are used. 
The system was designed under a project entitled "Security through Law, Flexibility through Collective Bargaining" implemented by CITUB and BIA under Operational Programme Human Resources Development.
 
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