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Oct. 01, 2007
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Russian Cos. Undervalue Employees
The Hewitt Associates consulting company has published it “Best Employers in Russia 2006/2007” survey, an insider's view of the labor market in the country's largest companies. Sixty-four companies were evaluated as employers by 17,000 employees and middle managers, 300 executives. The survey found a high level of tension (compared to Central and Eastern Europe) between management and labor and the conviction among employees that they are undervalued.
About 27 percent of the employees surveyed stated that “on the whole, their income (salary, bonuses, social package, benefits, etc.) fully corresponds to their requirements.” That indicator has reached 40 percent in Europe. Thirty-one percent of employees of Russian companies assess their career perspectives in their companies as “attractive,” compared to 36 percent in Europe. Slightly more Russian employees considered their salaries commensurate with the contribution they make to the company (34%) and that “the higher management treat their employees as the most valuable resource of the company” than employees in Europe, where those indicators are 32 and 38 percent, respectively.

The low level of employee satisfaction means that employees may change jobs more often, Hewitt says. It found that 35 percent of surveyed employees “can easily find a new workplace,” 29 percent say that they will “make a little more effort” to do so, and only 9 percent say that they are afraid to seek new employment. The Hewitt survey of personnel departments showed that those departments are most concerned about retaining their specialists. Eighty-seven percent of the departments surveyed think that hiring and retaining highly qualified specialists will become their most pressing problem in the next three to five years.
www.kommersant.com

All the Article in Russian as of Oct. 01, 2007

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