- HR decision-making;
- opening a new business and additional subdivisions, branches;
- disputes with employees over remuneration and compensation packages.
Annual salary survey 201729 March, 2018
The annual review of employee wages and general remuneration for 2017 prepared by our Macroeconomic Research Center has been released. This review offers a detailed analysis of 400 job positions from 15 industries and results from the payroll calculations for more than 35,000 people employed in all regions of the Russian Federation.
This review is based on salaries actually accrued by our clients using a specially designed software so no assumptions have been made, and all results are documented.
Ekaterina Ovchinnik, HR Director at Intercomp, reports: “Having compiled all the data we were able to get from our salary survey for 2017, we can conclude that the trend of labor cost optimization is still relevant for employers in 2017. Employers consider more particularly issues related to wage increase, favoring exclusively targeted and selective increases rather than collective ones. In other words, the general salary indexation adopted in the noughties as a tool to retain staff is currently being pulled away. And at the moment, we see no factors that would change in 2018.”
Overall, a 4.4% decline in wages was observed in 2017 compared to 2016, and increases were noted only in certain sectors of the economy. The growth in staff number was patchy: 5.2% in the first half of 2017 and 6.8% at the end of the year. In most cases, the total annual increase in the number of employees came with a decrease in salaries.
The statistics presented in the survey are broken down by job positions and regions while accruals are broken by salary, quarterly and monthly bonuses, and total remuneration per month. You will also find in the survey a detailed analysis of remuneration levels and structures.
Our annual salary survey is a useful tool to help company executives, HR directors and finance departments with:
We will talk in more detail about the industries, professions and regions in which the greatest increase in salaries was noted. We will also explain why and describe the trends that will carry on in 2018 in our conference Business Practice which will be held in Moscow on April 05, 2018 and in St. Petersburg on April 19, 2018. Come and join us!
To request the full version of our survey as well as a report prepared on individual criteria, please email us at email@example.com