Install

Get the latest updates as we post them — right on your browser

Today's paper. Last Updated: 05/24/2012

Job Survey Compares Foreign, Local Firms

By Mikhail Malykhin / Vedomosti

Russian managers see higher salaries and quicker promotions as some of the advantages of working at a Russian company, while multinationals offer stability and good benefits, according to a survey published this month by Antal Russia.

The staffing agency polled 200 Russian mid- to senior-level managers about the pluses and minuses of working at a Russian firm versus a multinational.

The advantages of working for a Russian company include a familiar mentality, higher salary, more responsibility, wider span of authority and comparatively faster vertical career growth. The disadvantages include "gray" salaries, a lack of benefits packages, weak corporate culture and the absence of a means of subordinate decision-making.

Conversely, the main advantages of working for a multinational are stability, reliability, transparency, a wider scale of opportunities for professional development, the chance to gain international experience, strong corporate culture and work ethics, the observance of labor laws, a "white" salary and good benefits packages. The disadvantages include bureaucracy, the necessity to get approval from the head office for all decisions, limited opportunity for career growth and a comparatively lower salary.

The previous period of rapid development has plateaued, which is leading to more effective means of personnel management at Russian companies, such as career growth opportunities and competitive bonuses, said Dmitry Gasten, senior manager of management advisory at KPMG Russia and the CIS. At the same time, Russian companies encounter difficulties delegating authority, he said.

"The companies are hierarchical, with final decisions on a wide range of issues made only by the senior management," Gasten said.

As a result, the scope of authority wielded by middle managers suffers, he said.

On the other hand, a large multinational business can offer corporate culture and traditional ethical standards, the opportunity to get a better corporate experience and, in a variety of cases, a wider range of career growth, Gasten said.

"Although the era of multinational companies offering salaries twice as high as at Russian companies is over, the authority of foreign employers remains rather high," said Asya Kolosova, director of recruitment at PricewaterhouseCoopers in Russia. "I think that it probably has much to do with the characteristics of the corporate culture that exists at many multinational companies."

According to Kolosova, transparent career-growth plan, broad benefits package, good atmosphere in the office, regular payments of a "white" salary, education paid for by the company and the reputation of a global brand constitute the stability that is consistently provided at many multinationals operating locally and that candidates are actively seeking in an unstable time.

Candidates are also lured to multinationals by the opportunity to work abroad at a branch or the head office, to work in a multicultural sphere, to exchange experience and to perfect their knowledge of the English language, she said.





This article has no comments.

Be the first to leave a comment


Discussion
The Moscow Times welcomes your comments and invites you to discuss topics with other readers. Your comment will be posted automatically to enable a live discussion. If you aren't familiar with our comments policy, you can read it here.

If you're a registered user, you can start typing your comment below. If not, take a moment to sign up. and then return to the article.

If your comment doesn't appear, contact us by using our web form.

Comments

Comments via Facebook



Also in Business

Green on Green: Shipping Threatens to Trouble Baltic Waters

A boom in infrastructure development at the head of the Gulf of Finland near St. Petersburg is causing stress to the environment and risk of ecological disaster.

Gazprom May Increase Investment Spending

Gazprom could again increase its investment program for this year, after recently announcing plans to raise investment spending by 8.5 percent to $27 billion.

Companies in Airline Sector Report Growth

Transaero may double dividends paid to shareholders for 2011 when the company's board of directors votes on increasing the payments to 44 kopecks per share at their June 23 meeting.

Bosch Plans to Expand Auto Plant in Saratov

Bosch is planning to localize more auto parts assembly lines in Russia following a profitable year during which the technology supplier saw its sales in the country jump 50 percent to almost 1 billion euros ($1.2 billion).

Source: Dergunova Tapped to Lead Property Agency

VTB board member Olga Dergunova will be appointed to head the Federal Property Management Agency, Vedomosti reported Wednesday, citing unnamed government sources.

Medicine Ads May Disappear, Defense Ministry May Pick Up Slack

Russians are no strangers to military rigor and physical pain — a cultural trait that the government seems keen to incorporate into its advertising strategy.



print


Comments

This article has no comments.

Be the first to leave a comment





Most Read
MarketGid