The Russian economy is struggling due to international sanctions and a weaker ruble, leading to high inflation and declining business investment. While unemployment is below the EU average at 5.3%, companies are cautious about hiring. Demand remains for qualified workers in Moscow but European firms are postponing projects. Russia also faces a declining population which could exacerbate unemployment issues, shrinking by 17 million by 2030. Despite challenges, recruitment continues as companies compete for skilled talent, and expats see potential in Russia's emerging market.
2014 has been a hard year for Ukraine, and one year on from the breakout of the Majdan square resistance and Ukraine is still trying to get itself back to normal.
What happened in Ukraine last year was akin to the London Bombings of 2007 and New York in 2001, with people coming together to show their true humanity.
DOPOMOGA is a leading agency in the Ukraine and we return to them for an update on the recruitment market there. Kateryna Skibska, CEO of DOPOMOGA GROUP fills us in on what has happened since January.
THE ROLE OF TRADE IN SOCIO-ECONOMIC DEVELOPMENT OF CRIMEA IAEME Publication
The socio-economic situation in Crimea has changed under the influence of the political events of 2014. One of the key economy sectors, the effective functioning of which is necessary for the sustainable development of the region, is trade. In this regard, the research is dealt with the trade of Crimea and its role in the socio-economic development of the region. The results have shown that in 2014–2017 the internal trade of the region demonstrated higher development rates than in 2010–2013. The slight slowdown in trade development in general is solely due to the decrease in foreign trade, which, in turn, is partly due to a change in the settlement procedure, as well as to the overall Russian policy of import substitution. Thus, despite certain difficulties that are still typical for the trade of Crimea, the main problems of the industry have been solved currently or continue to be solved through state regulation measures. Further development of the trade industry will contribute to the improvement of the socio-economic situation in the region and the well-being of its residents.
The purpose of this paper is to analyze the sources, economic and social characteristics, of growth recovery, which followed the first period of output decline in two transition countries – Poland and Russia. They represent two different groups of transition countries (new EU member states vs. CIS) in terms of adopted transition strategy and accomplished results. Generally, fast reformers succeeded and slow reformers experienced a lot of troubles. Although eventually all former communist countries entered the path of economic growth, those which moved slowly lost sometimes the whole decade. Social costs of slow reforms were also dramatic: income degradation and rising inequalities, high level of poverty and corruption, various social and institutional distortions and pathologies, violation of human rights and civil and economic liberties, attempts of authoritarian restoration, etc.
Authored by: Marek Dabrowski, Oleksandr Rohozynsky, Irina Sinitsina
Published in 2004
2014 has been a hard year for Ukraine, and one year on from the breakout of the Majdan square resistance and Ukraine is still trying to get itself back to normal.
What happened in Ukraine last year was akin to the London Bombings of 2007 and New York in 2001, with people coming together to show their true humanity.
DOPOMOGA is a leading agency in the Ukraine and we return to them for an update on the recruitment market there. Kateryna Skibska, CEO of DOPOMOGA GROUP fills us in on what has happened since January.
THE ROLE OF TRADE IN SOCIO-ECONOMIC DEVELOPMENT OF CRIMEA IAEME Publication
The socio-economic situation in Crimea has changed under the influence of the political events of 2014. One of the key economy sectors, the effective functioning of which is necessary for the sustainable development of the region, is trade. In this regard, the research is dealt with the trade of Crimea and its role in the socio-economic development of the region. The results have shown that in 2014–2017 the internal trade of the region demonstrated higher development rates than in 2010–2013. The slight slowdown in trade development in general is solely due to the decrease in foreign trade, which, in turn, is partly due to a change in the settlement procedure, as well as to the overall Russian policy of import substitution. Thus, despite certain difficulties that are still typical for the trade of Crimea, the main problems of the industry have been solved currently or continue to be solved through state regulation measures. Further development of the trade industry will contribute to the improvement of the socio-economic situation in the region and the well-being of its residents.
The purpose of this paper is to analyze the sources, economic and social characteristics, of growth recovery, which followed the first period of output decline in two transition countries – Poland and Russia. They represent two different groups of transition countries (new EU member states vs. CIS) in terms of adopted transition strategy and accomplished results. Generally, fast reformers succeeded and slow reformers experienced a lot of troubles. Although eventually all former communist countries entered the path of economic growth, those which moved slowly lost sometimes the whole decade. Social costs of slow reforms were also dramatic: income degradation and rising inequalities, high level of poverty and corruption, various social and institutional distortions and pathologies, violation of human rights and civil and economic liberties, attempts of authoritarian restoration, etc.
Authored by: Marek Dabrowski, Oleksandr Rohozynsky, Irina Sinitsina
Published in 2004
A Theoretical Statistical Measurement Model Analysis on Human Capital Economi...paperpublications3
Abstract: The purpose of this paper is to examine the main issues which effect the economic growth and the poverty in Bulgaria in relation with rate of human capital growth.
The assumption that in the modern world poverty isn’t a concept associated with the shortage of income is grounded. At its core the poverty is an expression of lack of opportunities for the person. The interest in it is completely understandable, because poverty is perceived as the most important social problem, in which all significant existential questions and challenges to the social sciences are focused virtually.
The paper studies labour developments in Moldova during transition period. The questions addressed are the size and character of labour market adjustment. Established data sources have been complemented by the results of available surveys to get more precise estimates of the effective employment. Wage data was adjusted for the stock of arrears. We conclude that adjustment to the new market order in Moldova has been done trough prices, which is similar to other FSU countries. Real wages, if adjusted for arrears, amount to only 14% of the pre-transition level. On the other hand, only small labour shedding is observed. Registered unemployment rate is one of the lowest in the FSU and CEE countries. Such way of adjustment has a number of negative consequences, the most important being the phenomenon of unpaid leaves. It appears, that only formal affiliation with enterprise remains, leaving those people effectively unemployed. Survey evidence report double-digit open unemployment rates, with widespread under-employment. With no system of unemployment benefits in place, a substantial number of labour force is involved in survival informal activities.
Authored by: Elena Jarocinska
Published in 2000
The Orange Revolution in the fall of 2004 built great hopes for a better future for Ukraine. However, three years later those hopes have been replaced by disappointment, frustration and confusion. Although progress in the areas of political freedom, pluralism, civil rights and freedom in the media remains unquestionable the record of economic, institutional and legal reforms is much more problematic. The key macroeconomic indicators are not better than they were few years ago and the business climate has barely improved. The WTO accession process remains incomplete. The perspectives of Euro-Atlantic integration are continually subject to heated domestic political controversies. The political situation remains unstable, mostly due to the hasty constitutional changes that were adopted during the Orange Revolution.
The purpose of this paper is to analyze the state of the Ukrainian economy at the end of 2007 and reflect upon what kind of reform program the Ukrainian government should consider, regardless of its political color. The reforms suggested in this paper involve a broad agenda of macroeconomic, social, structural and institutional measures. This agenda goes beyond the purely economic sphere and also addresses issues of legal, administrative and political reforms. The politics and political economy of any future reform effort will not be easy because the country is deeply divided in political, cultural, regional and ethnic terms. In such an environment, crucial reforms and strategic decisions will require a wider cross-party political consensus.
Authored by: Marek Dąbrowski
Published in 2007
Jusqu'où les entreprises sont-elles prêtes à aller trop loin pour le buzzXavier Chefneux
De plus en plus d’entreprises investissent Internet. Afin d’accompagner leur contenu, ces entreprises emploient souvent les grands moyens financiers ou humains pour provoquer le « buzz ». Que ce soit par de la publicité à proprement parlée, ou par des stratégies de communication assimilées aux relations publiques. Dans le contexte actuel où les médias sociaux croissent en importance, toute action, bonne ou mauvaise, peut être sujette à discussion, détournement ou accusation. Les stratégies de certaines entreprises peuvent alors être rapidement épinglées en « good buzz » ou « bad buzz ». Par l’étude du cas de Gamma et des « Kluspoezen », cette analyse a pour but de répondre à la question suivante : jusqu'où les entreprises sont-elles prêtes à aller trop loin pour le « buzz » ?
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2017 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
Drawing on data sources such as the Grant Thornton IBR, the EIU and the IMF, this report considers the outlook for the economy, including the growth expectations of 400 businesses interviewed in Russia, and more than 12,500 globally.
A Theoretical Statistical Measurement Model Analysis on Human Capital Economi...paperpublications3
Abstract: The purpose of this paper is to examine the main issues which effect the economic growth and the poverty in Bulgaria in relation with rate of human capital growth.
The assumption that in the modern world poverty isn’t a concept associated with the shortage of income is grounded. At its core the poverty is an expression of lack of opportunities for the person. The interest in it is completely understandable, because poverty is perceived as the most important social problem, in which all significant existential questions and challenges to the social sciences are focused virtually.
The paper studies labour developments in Moldova during transition period. The questions addressed are the size and character of labour market adjustment. Established data sources have been complemented by the results of available surveys to get more precise estimates of the effective employment. Wage data was adjusted for the stock of arrears. We conclude that adjustment to the new market order in Moldova has been done trough prices, which is similar to other FSU countries. Real wages, if adjusted for arrears, amount to only 14% of the pre-transition level. On the other hand, only small labour shedding is observed. Registered unemployment rate is one of the lowest in the FSU and CEE countries. Such way of adjustment has a number of negative consequences, the most important being the phenomenon of unpaid leaves. It appears, that only formal affiliation with enterprise remains, leaving those people effectively unemployed. Survey evidence report double-digit open unemployment rates, with widespread under-employment. With no system of unemployment benefits in place, a substantial number of labour force is involved in survival informal activities.
Authored by: Elena Jarocinska
Published in 2000
The Orange Revolution in the fall of 2004 built great hopes for a better future for Ukraine. However, three years later those hopes have been replaced by disappointment, frustration and confusion. Although progress in the areas of political freedom, pluralism, civil rights and freedom in the media remains unquestionable the record of economic, institutional and legal reforms is much more problematic. The key macroeconomic indicators are not better than they were few years ago and the business climate has barely improved. The WTO accession process remains incomplete. The perspectives of Euro-Atlantic integration are continually subject to heated domestic political controversies. The political situation remains unstable, mostly due to the hasty constitutional changes that were adopted during the Orange Revolution.
The purpose of this paper is to analyze the state of the Ukrainian economy at the end of 2007 and reflect upon what kind of reform program the Ukrainian government should consider, regardless of its political color. The reforms suggested in this paper involve a broad agenda of macroeconomic, social, structural and institutional measures. This agenda goes beyond the purely economic sphere and also addresses issues of legal, administrative and political reforms. The politics and political economy of any future reform effort will not be easy because the country is deeply divided in political, cultural, regional and ethnic terms. In such an environment, crucial reforms and strategic decisions will require a wider cross-party political consensus.
Authored by: Marek Dąbrowski
Published in 2007
Jusqu'où les entreprises sont-elles prêtes à aller trop loin pour le buzzXavier Chefneux
De plus en plus d’entreprises investissent Internet. Afin d’accompagner leur contenu, ces entreprises emploient souvent les grands moyens financiers ou humains pour provoquer le « buzz ». Que ce soit par de la publicité à proprement parlée, ou par des stratégies de communication assimilées aux relations publiques. Dans le contexte actuel où les médias sociaux croissent en importance, toute action, bonne ou mauvaise, peut être sujette à discussion, détournement ou accusation. Les stratégies de certaines entreprises peuvent alors être rapidement épinglées en « good buzz » ou « bad buzz ». Par l’étude du cas de Gamma et des « Kluspoezen », cette analyse a pour but de répondre à la question suivante : jusqu'où les entreprises sont-elles prêtes à aller trop loin pour le « buzz » ?
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2017 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
Drawing on data sources such as the Grant Thornton IBR, the EIU and the IMF, this report considers the outlook for the economy, including the growth expectations of 400 businesses interviewed in Russia, and more than 12,500 globally.
An article written by Interstice Consulting LLP about the Russian e-commerce sector, in the annual Singapore-Russia trade magazine "Opportunity Russia", published by the Russian embassy in Singapore.
Russia is home to more than 100m potential customers. Recognizing the growth potential and low cost of acquisition, an increasing number of US companies are advertising in Russia. Here's why:
Russia's Lost Decade? Challenges to Growth, Recipes for AccelerationAndrey Shapenko
The Russian economy today is going through a critical stage. The growth model, which catapulted the country into the world’s top ten economies’ list has been exhausted and most experts believe that Russia is facing a long period of low or no growth. While the world is moving forward, Russia’s standing still. Hovering anxiously in one place means its economy is becoming smaller and is further increasing its competitive gap.
The ailing economy is often blamed on the falling oil prices combined with the economic sanctions that were imposed on Russia in 2014. However, the array of challenges that the economy is facing today is much broader than that, and the recession in Russia has deeper roots.
This report represents an attempt to discuss those roots and to summarize economic agenda that the country's leadership will face on the way to restart growth, amid the 2018 presidential elections. This agenda will define economic and fiscal policy over the next 5-10 years, and thus will impact anyone who is doing business or going to invest in the country.
2019 HRflag Global 50 HR Services Listed CompaniesHRflag
【June 26, 2019, Shanghai】Compiled by HRflag which is a communication platform, digital community and think tank leading in China's HR service industry, the “2019 HRflag Global 50 HR Services Listed Companies” global ranking is officially announced.
Japan and Russia: Contemporary Political, Economic, and Military Relations
Speaker: Elena Shadrina, Associate Professor, Waseda University
Presentation: What to Expect for Russia-Japan Relations: Contemplation against a Backdrop of Social and Economic Situation in Russia
Connections As A Tool For Growth: Evidence From The LinkedIn Economic GraphLinkedIn
New evidence from LinkedIn’s current network, presented here, demonstrates the economic value of connections. We calculate an “index of connectedness” for each of 275 metro regions in the U.S., based on the average number of connections per LinkedIn member in that region. The higher the index of connectedness, the more dense the connections between LinkedIn members in that region. Using data from the Bureau of Labor Statistics, we calculate the four-year and one-year nonfarm payroll job growth for those metro regions.
This report was authored by Dr. Michael Mandel, with research supported by LinkedIn. November 2014.
London, 22 November 2013 MNI RUSSIA BUSINESS SENTIMENT EMBARGOED UNTIL 9.45 A.M. MOSCOW TIME. MNI Russia Business Indicator Falls to 51.5 In November from 56.3 in October. Future Expectations Hit A New Low. The MNI Russia Business Indicator declined for the second consecutive month, while expectations for the future hit their lowest level since the series began in March.
2010 – Demographic Turning Point on the EU Labor MarketOpen Knowledge
For the first time fewer new entrants on the European labor market than people approaching or entering retiremen. Workforce deficit surpasses the 200,000 mark in 2010. The proportion of working older people has to be increased.
2010 – Demographic Turning Point on the EU Labor Market
Recruitipedia-Russia
1. Insights into
recruitment in
the Russian
Federation
Welcome to the second issue of Recruitipedia:
ExecutiveSurf's occasional review of the talent
landscape around the world.
This month, we will feature Russia. Russia emerged from a decade of post-Soviet economic and political
turmoil to reassert itself as a world power. However, ongoing tensions over Ukraine and international
sanctions are weighing heavily on the Russian economy, which is forecast to grow by 0.7% in 2014-15.
A weaker ruble and Russian counter-sanctions on western food imports will push up inflation and hold
down household consumption. Business sentiment has worsened and investment will contract sharply.
Government finances will come under increasing strain from 2015. What does it all mean from an HR
perspective? You will find Recruitipedia of interest if you are hiring talent in Russia, checking out demand
for your expertise in the Russian recruitment market, or if you are simply interested in better
understanding the talent market there.
2. The economic situation has had an impact,
currently ranking Russia the fourth largest
European economy and according to Bloomberg
Markets, 14th amongst the world's emerging
markets. Russia's recruitment industry has
evolved steadily, surviving two economic crises
(1998 & 2008) and has matured considerably,
although, in recruitment, as in so many areas, it
remains a unique marketplace.
The Economist Intelligence Unit (EIU), says that cultural differences and linguistic barriers prevent
Russian companies from international expansion. Language-teaching firm, Education First, says nearly
90% of Russian companies surveyed found unfamiliarity with foreign mores and a poor command of
languages are obstacles to global business success. Almost half of Russian respondents admitted their
companies had experienced financial losses as a result of linguistic and cultural difficulties.
Key Trends
While Russia’s unemployment rate (5,3%) is well below that of the EU average (10,3%), companies
remain “very careful in hiring new people,” according to Irina Kurganova, business development director at
Manpower Group, in an interview with the Moscow Times.
Moscow has near zero (0,34%) registered unemployment and companies are hiring qualified workers for
nearly all positions, which can prolong the hiring process. European-based firms are especially cautious in
hiring, preferring to take a wait-and-see attitude. Not only are they employing cautiously, but they are
actively postponing the launch of new projects. If Russia's economy does not start growing again,
joblessness will not decrease.
Russia’s public sector is growing. A survey by online recruiting firm, HeadHunter, found government work
is currently the most appealing occupation for Russians, and there is a surplus of candidates for all posts.
A developing trend is the movement of office employees outside Moscow. “The traditional golden rule of
white-collar employment; ‘the closer to Moscow, the better,’ is rapidly becoming obsolete,” according to
Russia Beyond the Headlines. A recent survey by the online recruiter Superjob.ru, found around a quarter
of those in upper and middle management were willing to move. Mobility among supervisors increases
each year.
Although Russian job sites still remain highly
popular as a recruitment tool, Linkedin has
quickly become the second most popular
business network/ job site in Russia after HH.ru.
3. International advisory firm, Grant Thornton, predicts Russia’s unemployment rate will fall to around 5
percent by 2015. However, the country’s shrinking population and workforce actually pose a risk to the
long-term health of its economy. In the foreseeable future, Russia is likely to experience the world’s
sharpest population decline. The Hays Oxford Economics Global Report, forecasts Russia’s population to
shrink by almost 17 million by 2030. Exacerbating the problem are the country’s early retirement ages: 60
for men and 55 for women.
Despite cautious hiring, the search for talent in Russia increases, as more companies compete for skilled
workers. Many highly skilled Russians are now looking for jobs abroad and Russia’s tough immigration
laws make it difficult to bring in skilled workers from overseas. Naila Safarali, talent director at Deloitte
CIS, says: “Ultimately, success will depend on companies being able to attract and develop global-minded
leaders and fast and effectively deal with a shortage in skilled work force”.
Russia faces both short and long-term challenges in its job market, but as one of the world’s emerging
markets, there is much interest in the country’s potential. Expats see promise in Russia, and white collar
workers see the growing demand for their talents. Though hiring remains cautious, jobs are available in
growing quantities and Russia remains very much a country to watch.
We hope you enjoyed this issue of Recruitipedia. If you want to know more about what we can
mean for you or your business then don't hesitate to contact us! In our next issue we will be
covering Germany.