Russia’s geographical location contributed to the country’s vast riches and high economic standing. They are a leading producer of oil and natural gas, owning about 27.5% of the world’s natural resources. They are the 5th largest economy in Europe and the 11th largest globally. The country’s citizens are some of the most successful in the world due to their economic stability and well-developed education system.
Moscow, St. Petersburg and Yekaterinburg
Risk Managers, Computer Programmers/I.T. Staff, Medical and Pharmaceutical
The top local universities are listed below:
Local: 1
World : 225
Local: 2
World : 274
Local: 3
World : 485
Local: 4
World : 737
Local: 5
World : 740
The salaries of some popular jobs in Russia are as follows:
| Job Title | Average Monthly Salary (RUB) | Average Monthly Salary (USD) |
| Customer Service Representative | 37,100 | 551 |
| Software Engineer | 98,200 | 1,458 |
| Financial Analyst | 125,000 | 1,856 |
| Office Manager | 87,300 | 1,296 |
| Graphic Designer | 64,000 | 950 |
| Project Manager | 129,000 | 1.916 |
| Sales Representative | 63,400 | 941 |
Head Hunter, Superjob, Rabota, Trovit
7,280,000
One of the challenges that foreign companies face when onboarding talents in Russia are the labor laws and compliance that they must follow. Below are some of the essential items to look into when expanding operations in the country.
Employee contracts in Russia must be written in the Russian Language. Bilingual contracts are allowed as long as one of the languages is Russian.
The Probation Period for Russian employees can be up to 3 months.
| Date | Holiday | Type |
| 1 Jan | New Year Holidays | National Holiday |
| 2 Jan | New Year Holidays | National Holiday |
| 3 Jan | New Year Holidays | National Holiday |
| 4 Jan | New Year Holidays | National Holiday |
| 5 Jan | New Year Holidays | National Holiday |
| 6 Jan | New Year Holidays | National Holiday |
| 7 Jan | Orthodox Christmas Day | National Holiday |
| 9 Jan | Orthodox Christmas Holiday | National Holiday |
| 23 Feb | Defender of Fatherland Day | National Holiday |
| 8 Mar | International Women’s Day | National Holiday |
| 1 May | Spring and Labour Day | National Holiday |
| 9 May | Victory Day | National Holiday |
| 12 Jun | Day of Russia | National Holiday |
| 4 Nov | National Unity Day | National Holiday |
| 6 Nov | National Unity Day Holiday | National Holiday |
| Type of Leave | Time Period | Mandatory |
| Annual Leave | 28 days | Yes |
| Sick Leave | 3 days | Yes |
| Maternity Leave | 20 weeks | Yes |
Employees are usually paid bi-weekly.
Minimum wage in Russia varies per district. As of September 2022, it ranges from 15,279 RUB to 22,224 RUB.
A 13th month bonus is not mandatory in Russia.
Russia offers a lot of coverage for their employees. Below are the basic package they offer:
| Type of Tax | Contribution (%) |
| Pension Fund | 22.0% (capped at RUB 1,465,000 a year), with 10% for any amount exceeding this |
| Social Insurance Fund | 2.9% (capped at RUB 966,000/year) |
| Medical Insurance Fund | 5.1% |
| Accident Insurance | 0.2% to 8.5% of the wage fund, depending on the type of work |
In Russia, there are no payroll taxes that employees must observe.
| Net Taxable Income (RUB) | Contribution |
| Annual income is less than or equal to 5 million RUB | 13% |
| Annual income is more than 5 million RUB | 15% |
| Non-residents | 30% |
The Standard VAT in Russia is 20%.
An employment contract can only be terminated in accordance with a strict list of general reasons, including:
Employment can only be terminated on the employer’s initiative for specific reasons, including:
In general, under the current legislation, dismissal is not feasible without prior notice being served on the employee.
The Notice Period for probationary employees is up to 14 days while regular employees have up to 4 weeks.
The severance payment rate depends on the reasons for the termination. Below are the regulations surrounding it:
| Reason(s) for termination | Severance Pay |
| Company liquidation | 1 month’s salary plus the average monthly salary during the period they are looking for a new job (but for no longer than two months from the date of termination). |
| – Failure to conform to the standards of the job due to health
– military service or any alternative civilian service in place of military service. – Reinstatement at work of the employee that previously held the employee’s position. – The employee’s refusal to relocate when the employer moves to another locality. |
2 weeks’s average earning |
Foreigners must secure a work permit and work visa to work in Russia legally. Applicants must secure an invitation from their employers to be able to process their documents. The visa options for expats include Work Visa, Business Visa, and Highly Skilled Migrant Visa.
| Period of Overtime | Rate |
| First 2 hours | 150% |
| Next 2 hours | 200% |
