According to the 2016 OECD research, the global labor market will have recovered from the consequences of the financial crisis. However, problems are not likely to end in Russia: the continuing economic depression has halted development in numerous companies. The real wage growth is frozen; both experienced pros and newbies face challenges in finding a job. Where the situation is to change for the better in 2017? Executive.ru talked about it with labor market experts.
Agriculture High, Banks Low
According to Margarita Tiazhova, the Head of Business Development at recruiting agency Hays Russia, the highest demand in Russia nowadays is for specialists in agriculture, digital technologies, and e-commerce. As the survey of experts continued, it turned out everyone expected those industries to develop.
“There’s some optimism in market segments supported by the government, as well as in IT companies working at foreign markets that are capable of increasing their revenues from the exchange rate differences,” Zulfia Yupashevskaya, Head of HR Services at BDO Unicon Outsourcing, said. She believes that there will be some growth in live stock breeding, food and consumer goods industry thanks to the import substitution program. She also expects some growth in e-services and e-commerce, though such businesses take a minor share in the Russian economy yet. Olga Kochergina, the Head of Hi-Tech & Telecom at recruiting agency Marxman, added that the demand for Big Data analysts, experienced managers and agricultural technicians will keep on growing.
Traditionally, all companies still have a need of engaging pros to enhance their commercial functions, which are sales and marketing. In the latter case, those candidates that successfully sell and develop a product using their knowledge, skills, expertise and clientele have better chances than those using market growth. Altogether, the interest is focused on those capable of working on a stagnating market in uncertain conditions. Russian economy lacks any substantial prerequisites for growth.
According to the experts, the scenario of gradual deterioration of paying capacity and demand is way more likely. The government is running out of financial reserves it had been using to support the budgetary area for the last few years. This wouldn’t allow the companies focused on domestic demand to hire new employees and giving a raise to the existing ones. According to Georgi Samoilovich, the Head of Hiring at HR agency Unity, construction workers, consulting experts, public employees, and bankers are all at risk. Other potentially troublesome industries include autobusiness, both in terms of production and sales (meaning advertising and media aspects thereof.)
Arik Akhverdian, CEO of VCV, notes that the depression triggers a gap with competitors who had implemented IT innovations. Telcom operators suffer from their competition with free-of-charge online services, while traditional banks from fintech internet services. In addition to that, the adverse economic conditions will cause the revenues from mining and energetic businesses to continue dropping.
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