Dear colleagues, we are proud to present the first results of "Job Market Overview and Salary Survey 2016" which is the seventh issue of our annual job market survey.
In the last two years, the number of people who don't envisage a move has been steadily increasing. Compared to 2015, the share of these has grown by 5 pp (41% of the respondents); compared to 2014, "stable" respondents now make 14 pp more. With the growing economic uncertainty, people are increasingly less likely to risk changing their job. The share of people who were searching for a new job at the time of the survey has decreased from 30% to 25%. Besides, salary expectations of the candidates have become noticeably more moderate since 2014. The share of the respondents who don't expect a pay rise after a move has increased from 3 to 12% over the past two years. As for benefits, the respondents still name annual bonus scheme (90%), voluntary medical insurance (83%), flexible working hours (64%), and mobile phone allowance (63%) as the most important for choosing a new job. It's curious that should the respondents be changing their job now, nearly 70% would prefer an international company. The national identity of the company doesn't matter to 26% of the respondents.
Despite the fact that the economic environment in the country is still challenging, the results of the 2016 survey show that the number of the respondents who stated that their salary had grown has increased by 6 pp, reaching 43%. Similar to last year, nearly 60% of the respondents had a pay rise of no more than 10%. The share of the respondents who received their annual bonus in 2016 has gone slightly down compared to 2015 (by 3 pp). The bonus was received by 55% of the respondents. The share of people whose compensation package doesn't include a bonus has increased to 22%.
The share of the respondents who expect staff reductions in their company is 38%, which is 17% less than last year. The reason is that some companies have already reduced their staff. Of the people who expect reductions, about a half know it for a fact because the companies officially declared it as a plan. Meanwhile, of those who don't expect any reductions, less than a third have an official confirmation. 76% of the jobless respondents surveyed in 2016 received a redundancy payment. This is 2 pp more compared to 2015. Moreover, the share of the respondents who received handsome payments amounting to more than 4 monthly salaries has increased.
The economic developments in the country haven't made our respondents more optimistic. Despite a greater number of the respondents who had a pay rise this year and a smaller number of those who expect reductions, more respondents now are very pessimistic about the future of the Russian economy in the nearest 12 months (a rise by 3 pp), while the share of optimistic estimations has decreased by 5 pp.
The survey was conducted from April 6 to April 29, 2016 by means of an online questionnaire and covered 5574 people employed in Russian and international companies from various regions of Russia.