Excerpted from the Russia Career Guide
Russia is the largest country in the world, spanning nine time zones and encompassing more than 17 million square miles. It has been blessed with a wealth of natural resources. It is also an upper-middle income country with the world’s eighth-largest economy. Russia’s per capita GDP (a measure of wealth) reached 18,100 USD last year.
While affected by the country’s geopolitical turmoil and worsening economy, most employers in Russia are not changing their hiring plans, according to Antal Russia. About two-thirds of employers intend to continue recruiting new staff. However, some employers are not willing to increase salaries to meet rising demands, and they are also willing to hire less well-qualified candidates before increasing pay.
There is no question that Russia’s retail market has been affected by the current political situation, though the luxury retail market has remained quite stable.
Nonetheless, unemployment in Russia remains comparatively low, and CEOs there are confident that revenues will continue to grow this year, according to PwC.
Areas of Job Promise
In Russia, the number of job ads increased recently by nearly 9 percent. Job growth was greatest in education and science. Vacancies also increased for lawyers, domestic staff and sales specialists, according to online recruiting firm SuperJob.
St. Petersburg: Job ads in St. Petersburg increased recently by more than 10 percent, with the greatest demand for candidates in marketing, especially merchandisers, as well as in advertising, public relations, and the arts and entertainment.
Moscow: Job ads in Moscow grew 15 percent, with science and education as the leading sectors, followed by domestic staff, sales, marketing and advertising.
The minimum wage set by the Russian government is 5,554 RUB per month. Individual Russian regions may establish a higher minimum wage for their region. For example, in Moscow, the minimum monthly wage is more than double the national minimum, at 12,850 RUB.
This is just a short sample of what you’ll find in over 100 pages of information in the complete Russia Guide.