23 May 2017

First results of the Job market overview and Salary Survey 2017

Antal Russia, a leading executive recruitment company presented its first findings on the current state of the job market in Russia, based on a survey conducted in 2017 which covered over 8,000 middle and senior managers & professionals.

Job Search

According to the results of this year's survey, it now takes a little less time to find a job. Nearly 60% of the respondents who were searching for a job last year managed to find one in under 3 months; slightly more than in 2015.

Salary Expectations

91% of the respondents expect to receive a salary increase when changing their job, which is also slightly more than in 2016, and shows a rise in optimism concerning the labour market.

Remuneration

The salary growth trend has stayed positive since last year, with 44% of the respondents stating that they had received a pay rise, and for 48% their salary has remained unchanged. As in 2016, international companies increased salaries of their employees more often than Russian companies (55% against 30% respectively).

Most frequently, salaries were increased in the healthcare (54%), chemicals & components (53%), FMCG and the automotive sector (52% each).

Compared with 2016, the share of respondents who had a pay rise of 20% or more grew by 4% in 2017 and is now at 22%. More than half of respondents (56%), had a salary increase of less than 10%.

Overall, 55% of those surveyed received a bonus in 2017.

Job Satisfaction

The survey shows that more than a half of the respondents (68%) are satisfied with their job on the whole. The respondents are the happiest about their workplace relations (72% are fully satisfied or rather satisfied) and employee relations (69%). The participants of the survey are the least satisfied with their compensation package and workload-compensation balance (only 48% and 46% are fully satisfied or rather satisfied respectively).

Estimation of the prospects of Russian economy

The expectations of the respondents concerning the future of the Russian economy (which is likely to affect their employment in many cases) are becoming more positive. This year we saw a noticeable increase in the number of optimistic people and a decrease in the number of pessimists.

In 2017, 23% of the respondents are positive or very positive about the future of the Russian economy in the next 12 months. Compared to last year, the number of optimistic Russians also grew by 9 pp. Additionally, the share of people who are pessimistic or very pessimistic has decreased: in 2017, it is just 35%, which is 13% less than in 2016.

Methodology

The survey was conducted from March 28 to April 28, 2017 by means of an online questionnaire and covered 8,155 people employed in Russian and international companies from various regions throughout Russia. 

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