Wage Structure and HR Management in Russian Companies
DOI:
https://doi.org/10.21638/spbu18.2018.401Abstract
Russian labour market uses price adjustment (wage flexibility) to shocks rather than quantitative one (employment). One of the main mechanisms of wage flexibility in Russian economy is a high share of the non-base (variable) wage component that makes it easier for enterprises to respond to shocks. Using data of survey of Russian enterprises from main sectors of the Russian economy for 2009–2017, the determinants of variability in the enterprises’ behavior of the nonbase wage component usage a were evaluated. The obtained results show that a higher proportion of the non-base wage component demonstrates enterprises in a good financial position, with large investments, higher wages and a large number of employees. During 2012–2017 a share of non-base wage component significantly increased.
Keywords:
Russian labour market, wage structure, non-base wage component, labour market adjustment, human resource management
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Published
2018-12-30
How to Cite
Roshchin, S. Y., Sidorova, A. S., & Solntsev, S. A. (2018). Wage Structure and HR Management in Russian Companies. Russian Management Journal, 16(4), 481–498. https://doi.org/10.21638/spbu18.2018.401
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Section
Theoretical and Empirical Studies
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
