INSUBCONTINENT EXCLUSIVE:
Russian officials, businesses and media have been reporting shortages of workers across different sectors of the economy for over a
turnover rate, which shows the ratio of the workers fired and hired to the average labor force, rose to 65% in 2023, a record level for the
companies sweeten the conditions for new employees, while casting a wider net in terms of who they want to attract to work for them such as
are growing a bit faster," a jobseeker in the advertising sector who recently received several offers from Moscow companies told The Moscow
first affected by the pandemic and then by Western sanctions over the 2022 full-scale offensive on Ukraine, Rostislav Kapelushnikov, the
that received a strong boost to expand production
crisis drove unemployment down.But Russia is a unique case, as the invasion of Ukraine sparked an increase in demand for labor in the
Western companies led to pent-up demand from the military-industrial complex, government agencies, parallel importers and companies that
wage increases in municipalities with military production facilities, while the media report anecdotal evidence of Russians gaining
that the labor supply will increase in the short term.A man works at Cherepovets Steel Mill in Cherepovets.Sergei Karpukhin / TASS For
or a sharp increase in migration, which would be limited by the likely closing of the wage gap between Central Asian countries and Russia
fill their vacancies, while firms in less thriving sectors will no longer be able to attract new workers at wages above inflation,
increase [in wages] is not supported by labor productivity growth, but is the result of huge [injections] of money, mainly from the federal
Zubarevich, many companies will stop raising wages in the future, with inflation eating into workers' real incomes.A Message from The Moscow
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