St. Petersburg, May 2008 Labour Remuneration in St. Petersburg: what employers offer Anna Egorova, Head of Labour Market Research Department
St. Petersburg, May AVANTA Personnel is established in 2007 by high professionals with more than 15 years experience in the market of human resources services and solid reputation. We carry business in 9 regions of Russia, our staff is over 300 employees. By 2010 we plan to occupy the leader’s position in HR services market by the high quality of services, size of business and geography of business. Our Services: Management and Specialists Permanent Recruitment (middle and top level) Staff Leasing Temporary Staffing Large Scale Projects Outstaffing Labor Market Researches (Compensation Surveys) Assessment Services and HR Consulting AVANTA Personnel
St. Petersburg, May We conduct : Regular salary & compensation surveys in following regions: Compensation Surveys Customized salary & compensation surveys for the definite market niche upon the client’s request Other investigations: labour market situation analysis, motivation surveys, etc.
St. Petersburg, May Salary and Compensation Survey in St. Petersburg Salary and Compensations Survey for many years serves the source of trusted information for the companies working on St. Petersburg market. Recent Salary and Compensations Survey - March 2008*: analyzed data received directly from 92 international and Russian companies includes data on HR-policies of over employees investigates Salaries of over employees Brief characteristics of the companies participated in the Survey: Investments: 49% foreign companies 40% Russian companies and 11 % joint ventures Activity: 71% are manufacturing companies 54% have Sales Departments 18 % provides Services Products: 40% - FMCG 54% - Industrial goods & services 18 % - Software Development 2% - other * this presentation contains only short extracts from the Survey. To know more about the detailed report please follow the link:
St. Petersburg, May competitive salary flexible & clear bonus systems compensations & benefits training programs & career planning incentive programs 11 22 33 44 55 Employers & Employees: Offers & Expectations
St. Petersburg, May Competitive Salary «white» salary, night work/ overtime compensation according to Labour Code - 92% companies regular salary review based on inflation rate – 54% companies regular salary review based on personal achievements, appraisal, company results – 93% companies % companies increased salaries average salary increase came to 12-13%, maximum – 30% factors influenced on the increase: % companies plans to increase salaries average planning salary increase comes to 10-12%, maximum – 30%
St. Petersburg, May Bonuses & Sales Commissions Bonuses: 66% of participants pay performance-based bonus (company performance, department performance, personal performance) average amount of bonus is 12-20% of annual base salary depending on position level 37% pay guaranteed bonuses (once/ twice a year, monthly, etc.) – for foreign companies average amount of bonus is 7-11% of annual base salary depending on position level – for Russian companies average amount of bonus is 12-18% of annual base salary depending on position level 47% pay anniversary bonuses Sales commissions: in average amounts 40-50% from base salary
St. Petersburg, May The most common benefits: medical insurance for employees – 78% companies: Insurance can cover: - out-patient treatment - inpatient treatment - dental service - pregnancy management average annual cost of medical insurance per employee RUR lunch benefits - 73% companies: - lunches in own cafeteria - compensation in cash average daily compensation for lunch is RUR 107 Depending on the position: Corporate vehicle: - for top-managers - in 57% of companies - for managers – 29% - for sales personnel – 20-35% > 90% companies compensate cellular phone expenses average monthly compensation amounts from RUR 380 to 3150 depending on position > 80% covers business trips expenses (daily allowance) over the standards of Russian legislation 95% provide different training programs for employees Compensations & Benefits
St. Petersburg, May Other benefits: Compensations & Benefits
St. Petersburg, May Average monthly cash = base salary + actual bonuses Some examples
St. Petersburg, May In general: coaching at job - 83% companies internal programs of professional improvement – 58% companies For specialists/ supervisors: Short-term (1-7 days) seminars on professional qualification improvement conducted by external providers – 58% companies Long-term (1-12 months) courses of professional education and qualification improvement conducted by external providers – 50% companies Higher education For managers/ top-managers: Advanced education programs in management (MBA, CIMA, etc.) – 27% companies Advanced professional education programs (ACCA, etc.) – 26% companies Training programs & Career development
St. Petersburg, May Basic Level: Corporate monthly, quarterly, semi-annual and annual contest on the appointment to a title “The Best” in various nominations with or without the Prize Pool Placing the employee’s photo on the board of honor or mentioning the employee in corporate newspaper with his/her photo Awarding employees with souvenirs with logos and corporate identities, presentation with corporate pins etc. For specialists/ supervisors: interesting professional tasks, perspectives career planning – in 40% companies, enrolling the employee into personnel reserve well–known name of the company, good reputation of the employer etc. For managers/ top-managers: interesting professional tasks long-term perspectives in career development freedom of choice, decision making stability and positive dynamics of the business well–known name of the company, good reputation of the employer, etc. Incentive programs
St. Petersburg, May Comparison with regions of Russia Average monthly cash = base salary + actual bonuses in total:
St. Petersburg, May Comparison with regions of Russia Benefits:
Anna Egorova, Head of Labour Market Research Department phone: 7 (812) Thank you for your attention!