Russia is a state which can provide many
business opportunities to both local and foreign investors. As a general rule, the success of any
business is given by a set of different factors, such as the economic climate of the respective country, the
taxation level, the policies carried out by the investors, but it also depends on the
human resources. The
employees are a representative aspect of any
business, as their
level of expertise on the respective field can help boost the level of the company. As for this reason, it is very important to study the characteristics of the
Russian workforce when deciding to establish a business presence on this market;
our team of Russian company formation specialists can provide assistance on this matter.
Characteristics of the Russian workforce
When
opening a company in Russia is it important to choose a field which provides business perspectives in the country, but it is also necessary to see what is the degree of specialization of the
workforce available in that sector.
Russia benefits of a
highly skilled workforce, which is one of the main sources
attracting foreign businesses here. It is important to know that
foreign businesses set up in Russia consider that the main attributes of the local economy is represented by the large consumer market and the
specialization of the workforce;
our team of company incorporation representatives can offer more details.
Foreign direct investments in Russia are made up in the manufacturing industry and the energy sector. These industries created a large number of jobs, but it is necessary to specify that, as a general rule, the Russian workforce is mainly concentrated in the following economic sectors:
• services;
• industry;
• agriculture.
Russian workforce and unemployment
Although Russia had several economic issues, also shown in the total number of the employees, a crucial aspect of this industry is that the level of unemployment did not increase. It is actually set out at the lowest level since 1991.
At the moment, the unemployment rate in Russia is 5,8%.