Economics, Econometrics and Finance
6 years ago

Russian companies shift to flexible wages, adapting quickly to economic shocks.

Russian Management Journal
Wage Structure and HR Management in Russian Companies
Sergey Roshchin, A. Sidorova, Sergey Solntsev

Paper Summary

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The Russian labor market adjusts to changes by adjusting wages rather than employment levels. Companies in Russia use a high proportion of variable wages to respond to economic shocks. A study of Russian companies from 2009 to 2017 found that firms with good financial health, high investments, higher wages, and more employees tend to use a larger share of variable wages. From 2012 to 2017, the use of variable wages in Russian companies increased significantly.