With an escalating population equivalent to 1.87% of the global population and flourishing research and development sectors, Russia continues to be the storehouse of thriving job opportunities for both national and international markets. An expenditure of approximately 422 billion Rubles (RUB) is incurred by the country on the development of a sustainable workplace environment for research and development purposes, making it more feasible to secure jobs in the country.
In present times, with the unprecedented pandemic, the overall unemployment rate in Russia was measured to be 6.3% in July 2020. Retail, tourism, health, and education services have faced a severe decline in standards. However, the companies, with their hierarchical and bureaucratic approach, have continued to showcase and maintain adequate workplace protocols and tried to revive their economic status.
The economy of Russia proliferates across the services industries. It comprises real estate, retail, healthcare, marketing, and financial services.
Retail tops the leaderboard, resulting in a surplus amount of USD 316.44 billion in revenue charges.
The mining occupation has established its supremacy in the list of essential industries of Russia. Gold, diamond, and copper are available in abundance and aid in meeting the demands of the public sectors extensively.
The petroleum industry accounts for the large-scale export of crude petroleum, refined petroleum, and petroleum gas, contributing to $173 billion of the overall GDP.
The country has wide exposure to foreign trade irrespective of strict protocols and enjoys stable relations with customers in China, Netherlands, Germany, and Turkey.
Cost of Living
The living costs in Russia are quite low. Russia is the second cheapest country to live in Eastern Europe. It is cheaper than 86% of the countries in the world (59% cheaper than New York and 47% cheaper than Paris). A single person’s estimated monthly cost ranges between 40,000 RUB to 65,000 RUB. But, living expenses in Russia vary from province to province and depend largely on your lifestyle. Surveys highlight that Moscow is the most expensive city in Europe, followed by St. Petersburg and Yekaterinburg. Reports by the OECD better life index reflect the improvement in lifestyle quality and social security over the years. The following is an outline of the average living cost in Russia:
A Breakdown of the Average Cost of Living in Russia for One Person:
Area of Expense
Estimated Monthly Cost (USD)
Real estates and apartments
$70 ~ $400
Food and beverage
$100 ~ $150
Bus, train, metro
$5 ~ $30
Utilities and miscellaneous
Electricity, internet, water supply
$20 ~ $50
Cost of Renting
The cost of rent in Russia is as follows:
One-bedroom apartment inside the city center
One-bedroom apartment outside the city center
Three-bedroom apartment inside the city center
Three-bedroom apartment outside the city center
Here is the rent index for major cities in Russia:
Internet Connectivity and Telecommunications:
Broadband speeds have witnessed a 36.9% increase in download speed in the year 2020-2021.
As per the reports cited by SpeedTest Global Index, Russia ranks 51st in the world for fixed broadband speed.
These factors make it more suitable for the software and IT industry to flourish in metropolitan cities such as Moscow.
Skills and Talents for Jobs in Russia
The top sectors that are expected to hire in Russia in 2021 are:
Chemical and Petrochemical Industry
Retail and Foreign Trade
English-speaking jobs with large multinational companies include:
Japan Tobacco International
Philip Morris International
Top Skills City-wise Occupation-wise
Medical and pharmaceutical
Food processing specialists
Military aircraft engineers
Chemical industrial managers
Sales and Marketing Professionals
Finance and Customer Services Experts
Food Manufacturing Specialists
Travel and Hospitality Fields
Companies should always keep in mind the hiring cost specific to any country. The same goes for Russia. There are numerous factors decide the cost of living in proper urban/metropolitan areas of the country, including the average annual expenditure of any employee, and the current socio-economic condition of particular states or the whole country. It is crucial to allocate hiring costs properly on specific domains because, ultimately, these factors will affect the final in-hand salary of the concerned employee.
The factors that highly influence the cost of hiring are:
Onboarding costs: Onboarding is the transition process that any employee has to go through to get accustomed to the new working environment (like understanding the company mission, culture, values, stakeholders, etc.) It usually lasts for the first 60 to 90 days of the work. A company must allocate necessary resources to make this transition smooth for the employee.
Training costs: Usually, this process is merged with the onboarding process to reduce the time consumption as much as possible. Experts are hired specially for this purpose so that the new employees can get hold of the current skills and practices early, and start contributing towards the company fast.
HR costs: The above two expenses generally come after the HR expenses. HR costs consist of costs incurred due to various interviews, screening, and recruitment processes. It mainly takes a bit of time to conduct these successfully since there is absolutely no scope of being biased while recruiting an employee.
Opportunity costs: Opportunity cost is crucial while making any career-based decisions. It is one of the primary concepts of economics. Opportunity cost represents the potential benefit or returns of any individual/business that one misses out on while opting for an alternate option. Logically these are unseen costs and are easily overlooked if one is not careful enough.
Salary structure based on the type of job field:
The following table will give you a basic idea of how the average gross monthly salary (in Russian Rubles and USD) fluctuates with the particular job field:
Average gross monthly salary by survey (in Ruble)
Average gross monthly salary by survey (in USD)
Education, Science, Research
Journalism & Media
Law & Legislation
Marketing & Advertising
Transport & Logistics
*1 Russian Ruble equals 0.014 United States Dollar as of 17 Jun, 3:19 pm UTC
Employment Laws in Russia
When working in a country like Russia, there are some employment regulations that both the employer and the employee have to follow. As an employer, it is crucial for your recruitment team to consider these employment laws to hire in Russia. But, some laws are specific to certain specific jobs. The Employment Act maintains the harmony between the two. The most prominent employment regulatory laws available in Russia are:
Federal laws and Presidential decrees that apply to certain Russian industries.
Various governmental regulations issued by concerned executive authorities.
Regional and municipal regulations working as collective agreements for employees and employers.
Internal policies and laws with governing bodies at company levels.
How Can Skuad Help You to Hire in Russia?
Hiring in Russia is a multi-faceted task requiring in-depth knowledge of the laws, trends, hiring costs, living costs city-wise, and more. Skuad comes onboard as a one-stop solution handling every minute aspect of recruitment. It gives you the freedom and time to focus on your project and expansion plans without any hiring stresses. Connect with Skuad experts to know more.