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Salary Review, August 2006

 16.08.06 Salary Review for Financial Professionals, Aug 2006 By Tatyana Terehova, Director of HR Solutions, Alinga Consulting Group
All figures shown are monthly salaries in US dollars
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Minimum - Maximum Offer |
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Financial Director (fluent English) |
3000 - 12 000 $ |
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Financial Director (no English) |
1000 - 5000 $ |
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Tax Specialist / Consult (fluent English) |
2000 - 6000 $ |
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Tax Specialist / Consult (no English) |
1000 - 4000 $ |
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Auditor (w/ knowledge of IFRS and English) |
2000 - 6000 $ |
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Auditor (RAS only, knowledge of English) |
1500 - 3000 $ |
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Auditor (RAS only, no English) |
1100 - 2000 $ |
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Chief Accountant (fluent English) |
1000 - 5000 $ |
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Chief Accountant (no English) |
550 - 3000 $ |
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Accountant (w/ knowledge of English) |
500 - 2000 $ |
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Accountant (no English) |
250 - 1500 $ |
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IFRS Specialist (w/ knowledge of English) |
1000 - 4000 $ |
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IFRS Specialist (no English) |
900 - 3500 $ |
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Financial Analyst (w/ knowledge of English) |
1000 - 3500 $ |
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Financial Analyst (no English) |
500 - 2500 $ |
Commentary:
The wage a company offers is not at all dependant upon whether the company is Russian or international. Both types of organizations are apparently prepared to offer high wages for qualified professionals. However, we can say that Russian companies are more likely to offer salaries in rubles, whereas foreign companies tend towards the dollar (and to a lesser extent, the euro).
Another interesting trend is that more companies are giving more attention to benefit packages. A surprising trend is that most often, the larger the salary, the larger the benefit package. This situation is arising because successful companies are willing to pay for highly qualified personnel and see the value of those employees. This is also a hopeful sign that companies are beginning to see that money is not the main stimulus driving the workforce. Employees want to feel that their company cares for them and they want to feel socially secure. This growth in wages and benefits will likely only continue as companies continue to clamor in the “war for talent.”

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