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A new survey conducted by recruitment firm Antal Russia (part of the FiveTen Group), reveals that 71% of companies in Russia intend to employ more staff in Q3 2010 compared to 64% in Switzerland, 59% in the UK and 51% in Germany.
After the drastic firing spree of 2008 and 2009 when some Russian companies made up to 50% of their staff redundant or turned them into part-time personnel, the labour market is picking up again.
2009 was a savage year for the Russian labour market and the 30% devaluation of the Rouble had a devastating effect on the budgets of international employers in Russia.
Offices and shops can now be rented at 50% of their 2009 price levels, which has acted as a motivator for international companies to return to Russia. However, there is now a shortage of qualified personnel because many foreign professionals have left the country during the economic crisis and Russian professionals are far less likely to move jobs than they were before the economic crisis.
Michael Germershausen, Managing Director of Antal Russia, told Russian daily Rossiyskaya Gazeta "over the past few months, our clients have been showing increasing confidence in the market's future. Most of our clients are returning to active recruitment, a trend seen in various sectors of the economy."
"Corporations have learnt their lessons and are now gearing up for more effective performance, offering new administrative jobs to support their businesses in a period of active growth thanks to rising sales and recovering demand, and sometimes taking advantage of weaker rivals to expand their market share."
"Demand is growing for personnel managers, marketing managers and PR officers, which is a good sign, as demand for these positions usually is the last to recover. Companies are also increasingly expanding their regional personnel."
At the same time, requirements for job applicants, which were tightened during the crisis, remain just as tough. Nadezhda Lyakhovskaya, PR officer at AVANTA Personnel, said "employers are not lowering their demands, expecting applicants to have the required professional education, work experience and the knowledge of one or two foreign languages."