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RUSSIAN LABOUR MARKET
Russia has a large and well-educated labour market that is generally inexpensive by Western standards. In general, foreign companies offer higher wages than many of their Russian counterparts, though this may not necessarily be true in the banking and finance areas. A company can purchase recruiting services from a reliable agency. Currently there are a sufficient number of such employment agencies that provide their own personnel or assist employers in finding appropriate candidates for vacancies. Other typical methods include advertising in newspapers or conducting recruiting drives at universities or specialized institutions. The Russian Labour Code forms the basis of labour relations in Russia and outlines the rights of employees in the workplace. Regular working hours in Russia are from 9 a.m. to 6 p.m. with a one hour lunch break. Employees are typically provided with a hot lunch at the workplace. Employees have four weeks of paid vacation a year. The trial period of employment should not exceed three months. Once the trial period has ended, it can be very difficult to terminate an employment agreement. In the case of redundancy the employee is entitled to two months paid notice as well as one to three months severance pay, depending on whether the employee finds alternative work.
Besides signing a written labour contract with the employee, the employer is also responsible for properly keeping labour book for each employee, which constitutes the official record of information about the individual’s career. Proper book records are crucial for pension calculation upon retirement. There is also a variety of employee benefits employers can provide that can both reduce payroll costs and, in some cases, provide tax benefits to employees. These include health care, day care, housing and transportation.
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1) Wages in the banking and financing areas in Russia Ответ
2) The following ways of finding new employees are not mentioned in the text Ответ
3) According to the Russian Labour Code regulations the trial period should be no longer than Ответ
4) Russian labour market is not Ответ