Monthly digest: November 2017


November 2017


Dear Sir / Madam!


Passions around artificial intelligence are flaring up. Driverless taxis, phones with face recognition, and computers “spanning out of control” during experiments are some examples of the reason why some inventors are urging to regulate research in this field.

It is periodically reported in the press that half the world population will be left without work as a result of the development of technology. Accountants and auditors are among the first who are at risk to go overboard.

How real is this? Let’s see in the article "The last bastion: Does artificial intelligence represent a threat for accountants?" by Yuriy Kolerov, Head of strategic projects.


Analytics, knowledge, trends


Minimum wage increase

From January 01, 2018 the federal minimum wage will be increased by 22%. How will this affect companies and what should senior officers and accountants know?


Intercomp salary review. Trends in the first half of 2017

Our salary review generated a lot of interest and many questions among the guests of our Business Practice conference so we decided to explain in more detail our methodology for data collection and analysis. This article also presents the survey results broken down by main professions/industries, as well as key trends on the labor market and the changes compared to 2016.

​​​​​​​Advice for the 2018 Russia Budget: factors behind the numbers

We're pleased to share with you review prepared by our partner CEEMEA Business group.


Legislative changes in Russia, Q3 2017.


We're pleased to share with you our quarterly review of the latest legislative changes in Russia prepared by Intercomp Audit, Methodology and Expertise Group.

Contents: key changes in accounting and taxation, payroll and HR records management.

Please let us know if you or your colleagues are interested to receive quarterly reviews regularly.

I would like like to subscribe to reviews.

Download the review

Conference Business Practice, October 19, Moscow


We were pleased to meet up with the people who attended our regular Business Practice conference which was held this year on October 19. Over 200 guests representing Russian and international companies attended the conference this year.

Intercomp experts and partners as well as specialists in strategic management of business, finance and HR spoke about effective company management in an ever-changing environment, which was the key topic at the conference.

The conference presentations can be found here. A detailed photo report can also be found on our Facebook page, where you can tag yourself and your colleagues if you wish.

Once again thank you for coming to our event, and we look forward to meeting you again!


Webinar on overtime


November 9, 10:30 a.m

We are pleased to invite you to a webinar on Overtime: Rules and Risks for Businesses.


During this webinar, we will discuss how to minimize tax risks and prevent claims from employees and the labor inspection service in connection with overtime.

This webinar is intended for HR managers, chief accountants, finance and HR directors, company directors.


Webinar on rules for processing personal data


November 23, 10:30 a.m

We are pleased to invite you to a webinar on Rules for Processing Employee Personal Data.


During this webinar, we will review the rules for processing and storing employee personal data and discuss employer liability. We will also give some recommendations and examples from court practice.

This webinar is intended for HR managers, chief accountants, finance and HR directors, company directors.

Please note webinars will be held in Russian and we encourage you to forward this invitation to your Russian-speaking colleagues who might be interested in these topics.


Intercomp library


General Director of Intercomp Ilya Panteleev recommends Bobos in Paradise by David Brooks as one of the best popular social psychology books he has read lately.

This book describes how the U.S. elite changes and is also very useful to understand how new elites are formed in Russia and their consumer preferences.

Bobos in Paradise was penned in a simple language and humoristically. David Brooks describes the development of the psychology and behavior standards of the upper middle class in the U.S., which the author calls Bohemian Bourgeois or Bobo.

This social layer has developed over the past 30-40 years by mixing seemingly incompatible social characteristics of the classical, stiff American aristocracy and the rebellious protest psychology of hippies and bohemians.

As a result, successful graduates of prestigious universities such as, for example, Harvard have now become the leading American class with a great focus on self-fulfillment, inner freedom, with a strong desire to stand out without being excessively garish and loud as if it were absolutely natural.


Kind regards,
Intercomp team