Russian labour market “benefiting from world economic crisis”
Companies in Russia are experiencing an unexpected benefit from the global economic downturn according to one of the country’s largest recruitment specialists, Antal – the ability to recruit the high calibre managers and professionals they so badly need.
“Demand for skilled labour has far outstripped supply for the past six to seven years, particularly because local organisations have found it difficult to compete with Western multi-nationals operating here” says Tremayne Elson, Antal Russia’s managing director. “Now, however, we’re seeing these Western businesses cutting back, not because of the situation here, but because of global cost reduction measures. As a result domestic companies have been able to cherry pick the best talent. We’re receiving applications from large numbers of very experienced staff, who have been made redundant from Western companies and have little problem placing them with Russian firms.”
However Elson goes on to point out that Russian managers and professionals are having to learn some hard and unpleasant facts about working life. “We’d got to the situation where relatively average people could literally double their salary overnight by changing job and where many younger, ‘Generation Y’ workers had become very complacent about their careers. That’s all changing rapidly here. I can recall those people who managed to hold onto their jobs in the 1998 crisis working incredibly hard to avoid being replaced by one of the ranks of very highly qualified unemployed. One could argue that bringing this type of competition back into the work place is long overdue. People will simply have to work harder and more cheaply. And given the overheating the labour market in Russia had been experiencing up until now, that’s very likely not a bad thing”
Antal International Russia is one of the largest recruitment companies in Russia and CIS, focused on the quality volume mid-senior level managerial recruitment across most industry sectors.
The British recruitment company, Antal International, entered the Russian market in 1994. At this time Antal was one of the very first international recruitment firms operating in Russia and the CIS. The Moscow representation was one of Antal’s first international offices and one of the largest and most successful all over the world. The Ekaterinburg office was opened in 2006 and the company is planning to open offices in other Russian cities as part of the regional expansion program.
In March 2008 Antal International Russia was acquired by the FiveTen Group, which works from 28 offices in 13 countries and employs more than 600 consultants. Antal International Russia operates in one of the most dynamic and fast moving recruitment markets in the world and already employs over 100 client facing professional staff. Although most positions are filled in Moscow, Antal International Russia successfully work on projects in the regions and in other CIS countries, particularly Ukraine and Kazakhstan.
More details can be found at the website – www.antalrussia.com
Tel: 0845 130 8291
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