The growth of salaries of Russian top-managers slowed down ten times

The growth of salaries of Russian top-managers slowed down ten times

The salaries of Russian top-managers in 2016, on average, grew by only 2% compared to last year the growth rate was ten times less than those recorded a year earlier (20%). Such data are contained in the research project HeadHunter “data Bank of wages” (have). Analysts proceeded from the information on a quarterly basis provide more than 700 employers in Russia. Similar to top managers problems experienced and the heads of departments: if last year their salaries increased by 11%, this growth was all the same 2%. An increase of 2% — less than inflation, which is expected in 2016 at a level slightly below 6% in real terms, the salaries and all have declined.

To preserve at all costs

The growth of salaries of managers by 20% in 2015 was due to companies ‘ aspiration in whatever was to save the top teams. “2015 was a shock for most companies. They had to forget about all the strategies that you created earlier, and to live in real time, adapting to the situation on the fly. This meant that the top management team formed a large number of challenges in the operational management of the business and to preserve its viability”, — explains the Director of analytical business solutions HeadHunter Natalia Citizen. Described her situation has led to a rise in the salaries of managers, “because he was a lot more work, and the result was less predictable”. In addition, the deteriorating economic situation meant that in 2014, the tasks of top managers will fail because of what their bonuses will be less, the expert said: “this significant growth of salaries, many companies were conscious to keep the top teams”.

“Despite the crisis, the market of top managers remains quite narrow, good people are still a little bit, and in this market there is high competition for high level managers”, — said the expert Korn Ferry Hay Group Olga Krivospitskaya. However, it is agreed that the company in its stable sample captures sudden changes in the salaries of Russian managers: “In 2015, the total income of top managers grew by 9% this year — 11%.”

With low wage growth faced not only the leaders of the companies: salaries of line managers increased by the same 2% (instead of 5% a year earlier), and specialists — just 1%, according to HeadHunter. However, compared to last year, their conditions became even better: the first in 2015 wages have not changed, and the novice workers and all have declined by 4%.

The salaries of top managers are now almost do not change, as “the big game” is no longer there due to the fact that the company is not growing, says the Director of the Department on work with key clients of personnel Agency “yuniti” Rustam Barnehage. A year earlier the situation was different: after the crisis, the dismissal was primarily specialists in low-and middle-level employees, he recalls, and almost all the leaders remained in their places, the company trying to hold them. Responsibilities have been reallocated, which led to an increase in salaries of top managers.

A definite trend of reduction or increase of salaries of top managers no, stressed the representative of the service Superjob: “For managers of top and middle level, the concept of “average salary” is not in principle. We know that the reward of such people will always be determined by individual negotiation and depend on personal level of competence, experience, knowledge, and industry and specific company.” In 2014, the income of top managers are provided with the variable part of the salary, adds the source . Thus, according to the Superjob study, to reduce the wages of more ready of General and commercial Directors of Russian companies, due to both a high level of income and a long job search. But reducing the salary expectations of top managers try to compensate for, bargaining for compensation package.

Information HeadHunter look pessimistic than the official wage statistics in Russia as a whole across all industries. According to Rosstat, nominal wages in Russia from January to October increased by 8.2% compared with the first ten months of last year, and the growth of real wages amounted to only 2%.

Oil, gas and IT

Analysts also called the highest paying industry in 2016 (see table). Leader as last year, was the mining industry (excluding oil and gas, which the study authors consider separately), with an average salary of 103.8 thousand rubles — 9% more than the year before. Second place went to the IT sector, salaries in which the addition of 2% amounted to 77,9 thousand. the industry is heterogeneous: a company that creates software for foreign customers and receive funds in foreign currency, paying above market, but for many this is not possible, as the volume of orders fell because of the crisis, points Krivospitskaya Korn Ferry from Hay Group. Besides, she adds, Telekom careful in spending due to new laws (anti-terrorist package of amendments of the Deputy Irina Spring and Senator Viktor Ozerov, which was adopted in July).

In third place — the oil and gas sector, salaries in it have not changed in comparison with the year 2015 (75.6 thousand rubles). Neftegaz together with the mining industry “are historically the highest paid and produce a stable increase in wages every year,” says Krivospitskaya. Companies from these sectors have a stable income, besides their staff often work in areas with unfavorable conditions of labor and get bonuses, she says.

The lowest salaries are in agriculture (31.5 thousand rubles), forest industry (35,1 thousand RUB) and retail trade (35.7 thousand rubles.). The rate of profit in trade, which was consistently high, on par with profitability in the real sector, but risks in it more, says Barnehage. And the maximum salary reduction, according to HeadHunter, observed in employees who are engaged in production and sale of cars (-6%).