Are You Targeting the Right Candidate?
Published: September 2013This issue of Russia Briefing focuses on providing businesses with an accurate understanding of Russian labor laws and how to find the best employees. We also illustrate how to organize work processes to make the best use of your existing staff resources and show how to further increase staff efficiency, how to correctly describe job duties/responsibilities, how to find and select the right people, and how to legally employ and properly train them.
In this issue:
- Labor Law is the Basis of Russian Employment
- The Challenge, and Reward, of Finding the Right Candidate
- How to Find the Best Candidate? Search and Plan Well
Russia is booming. The country is on track for yet another year of above-average GDP performance which has been driven by a number of factors – including high prices of commodities, a fast-growing and highly acquisitive middle-class, foreign investment inflows and an ongoing development of new laws (i.e., turning accounting into a business rather than a tax tool).
While economic growth brings promises of great prosperity, it also causes many new challenges - some of which the country may not be fully prepared to address yet. For example, one of Russia’s biggest problems is a shortage of qualified labor, one of the keys to economic growth aside from natural resources. These are both precious resources, whose inadequate supply would pose significant risks to a country’s growth.
An important lesson we have learned over the past decade is that qualified Russian staff is as expensive as staff available in the West. However, the lesson we need to learn today is that there is not enough qualified labor on the Russian market.
At its most basic level, Russia’s shortage of qualified labor is more than an imbalance in supply and demand.
The shortage is especially felt by firms in need of technicians, engineers, and sales and financial staff – something we at RUSSIA CONSULTING can particularly help with since finance is one of our areas of expertise. Given the demand for large numbers of employees, we have been hit particularly hard by the shortfall as well, just like all other Western companies.
But what can be done in the short-term? How are companies coping with the shortfall? This issue of Russia Briefing illustrates how to organize work processes to make the best use of your existing staff resources and also how to further increase staff efficiency, how to correctly describe job duties/responsibilities, how to find and select the right people, and how to legally employ and properly train them.
The content of this magazine was compiled by SCHNEIDER GROUP (RUSSIA CONSULTING) staff in Russia.