Global Headhunting & Recruitment Solutions in Russia
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for organizations that want to attract and retain the best talent from around the world. Here are some key reasons why:
1. Access to a larger talent pool: By casting a wider net and looking beyond local talent, organizations can tap into a larger, more diverse pool of candidates with a wider range of skills, experiences, and perspectives.
2. Cost savings: Hiring local talent may be less expensive in the short term, but in the long run, it can limit a company’s ability to scale globally. By creating a global recruitment strategy, companies can identify and leverage cost-effective hiring practices across different regions, which can help to reduce overall recruitment costs.
3. Better alignment with business goals: A global recruitment strategy can help ensure that hiring decisions are aligned with the company’s overall business strategy and objectives. By taking a more holistic approach to recruitment, organizations can ensure that they are hiring candidates with the skills, experience, and cultural fit that will help drive their business forward.
4. Improved employer branding: By positioning themselves as a global employer of choice, organizations can attract top talent and differentiate themselves from competitors. A strong employer brand can also help to reduce recruitment costs and improve employee retention rates.
Why hire talents in Russia?
There are several reasons why you may want to hire talent in Russia:
- Highly Skilled Workforce: Russia is known for having a highly skilled and educated workforce, particularly in areas such as engineering, IT, and science. Russian universities have a long history of excellence in STEM fields, producing talented graduates who are well-equipped to handle complex technical challenges.
- Cost-Effective Labor: While salaries in Russia have been increasing in recent years, they are still generally lower than in many other countries, making it an attractive option for companies looking to reduce labor costs.
- Time Zone Advantage: Russia’s location provides a significant time zone advantage for businesses looking to outsource or establish operations in the country. This allows companies to maintain a continuous workflow by having employees working on different shifts.
- Government Support: The Russian government has implemented a number of initiatives to promote innovation and support the growth of the tech industry in the country. This includes tax incentives for research and development, as well as funding for startups and technology parks.
- Language Proficiency: Many Russians speak English fluently, making communication with foreign clients and partners easier. Additionally, many Russian employees are also proficient in other languages, such as German, French, and Spanish.
How much does it cost to hire talent in Russia?
The cost of hiring talent in Russia can vary depending on various factors such as the industry, skillset, level of experience, and location. Generally, salaries in Russia are lower than in many Western countries, but they have been increasing in recent years.
According to data from Payscale, the average salary in Russia is around 1,205,000 RUB (approximately $16,050 USD) per year. However, salaries can range from around 487,000 RUB (approximately $6,500 USD) per year for entry-level positions to over 3,676,000 RUB (approximately $49,000 USD) per year for more senior roles.
Employee labor laws in Russia
Working Hours in Russia
In Russia, the standard working week is 40 hours, usually spread over five days from Monday to Friday. The maximum working hours per week is 48 hours, including overtime. Overtime work should not exceed four hours per day and 120 hours per year.
The Russian Labor Code stipulates that employees are entitled to at least 28 days of paid annual leave, although some collective agreements may provide for more. There are also regulations on rest periods. Employees are entitled to at least 12 hours of uninterrupted rest per day, and at least 24 hours of uninterrupted rest per week.
Minimum wage
The minimum wage in Russia is set by the federal government and varies depending on the region. As of January 1, 2023, the minimum wage in Russia is 13,000 rubles per month (approximately $174 USD).
General taxation
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Type of Tax
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Rate
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Personal Income Tax
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A tax on an individual's income, which is currently set at a flat rate of 13% for residents and non-residents
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Corporate Income Tax
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A tax on corporate profits, which is also currently set at a flat rate of 20% for both domestic and foreign companies
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Social Security Contributions
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A tax on wages and salaries paid by employers and employees to fund social security benefits, with rates varying depending on the type of benefit
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Hire the best talent in Russia with EER Global
EER Global adopts a customized and professional approach to locate the most suitable talent for your company. By carefully assessing and identifying the perfect candidate for your specific role, they can save you time and resources that would have otherwise been wasted on hiring the wrong person.
With their vast network and industry expertise, they can link you up with exceptional candidates in the job market, enabling you to fill your positions quickly and effectively. Additionally, they can offer valuable insights and recommendations on the recruitment process, empowering you to make informed decisions that align with your business objectives. If you are planning to recruit in Russia, do not hesitate to get in touch with EER Global’s dedicated team of professionals for further details.
