NORUCEE Partner's meeting in Saint-Petersburg

By TRANSEARCH, Russia

Annual NORUCEE meeting this year will take place in "Novotel" hotel, (Saint-Petersburg, Russia) from 20 to 21 September, 2007.

During the meeting TRANSEARCH International Partners from Denmark, Norway, Poland, Finland, Sweden and Russia will discuss situation and main tendencies of the executive's market, and also will develop plans for further integration of TRANSEARCH offices activity in Central, Eastern, Northern Europe and Russia.

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Managers Settling On Northen Capital

By Edmund Harris, The Moscow Times

Only several years ago it was every manager’s goal to move from St. Petersburg to Moscow. Russia’s capital has always exerted a powerful influence in the business world, regarded as the place to make money, contacts and take one’s career to the next level. But while the two cities remain very different, in recent years there has been a marked trend for professionals to return from Moscow to St. Petersburg. People are coming home. We investigate the differences in lifestyle between the two capitals and ask why so many people are coming back home.

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Moscow and Regional Update

By Edmund Harris, The Moscow Times

When looking at the Russian employment market in 2006 and early 2007 there are no big surprises for anyone who has been following it closely over the last few years — just as ever, companies are expanding across the board and faster than they can locate the specialists that they need. But at the same time there are signs of developing maturity and diversity. Salaries are rising on the back of overall economic stability, not just as a result of this being a job seeker's market, and are becoming more closely indexed to skills and experience. Given the high degree of dynamism and mobility, loyalty is increasingly important for employers. Ability is valued above anything else and most talent is now homegrown.

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Negotiating Success

By Yekaterina Dranitsyna, The St. Petersburg Times

Starting your own business, signing a big deal, getting a pay rise — success often depends on your ability to negotiate, to be able to persuade others and make your intentions clear. Top managers from local companies share their tips on how to negotiate success.

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In Search of a Western Way of Life

By Olga Kalashnikova, St. Petersburg Times

Despite Western governments' attempts to render immigration as difficult as possible, many educated Russians have found a way through into Fortress Europe — we look at their attempts and find out why in the end they'll most likely return to the Motherland. Foreign countries are often a source of great fascination. Most people just visit them on holiday maybe once or twice a year, but there are some who'll go as far as actually leaving their homeland for the challenge of living and working abroad.

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Foreigners in Use

By Yelena Andreyeva, The St. Petersburg Times

Despite increased competition from their local counterparts, demand for the foreign specialist in Russia is by no means set to disappear. On the contrary, analysts say that the amount of foreigners is on the rise in almost all fields of business — from retail, banking and IT, to consulting, manufacturing, and real estate. So why are some types of foreigner still more attractive than their native equivalents? Both Russian and foreign companies need workers experienced in the implementation of high-end technologies, with know-how and strong managerial skills, but there is a lack of such qualities locally.

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Facing an Employee’s Pyramid of Needs

By Ekaterina Dranytsyna, The St. Petersburg Times

In a bid to uncover why well-trained employees suddenly resign from a seemingly solid and attractive firm, we confront the principles of Maslow’s pyramid of needs. According to recruiters, when an employee’s needs, both in terms of money and career, are undervalued, loyalty counts for nothing, and they will quickly seek a new challenge. “If people want to grow professionally but understand that in a particular organization this is impossible, then that becomes the main reason for resigning. For top managers self-fulfillment is very important,” said Olga Chebotkova, partner at Top Hunt International.

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The Fortunate Dismissal

By Ekaterina Dranytsyna, The St. Petersburg Times

A CEO of a large corporation enters the meeting room and hears the verdict of the company’s board. “You’re fired. And here is your $30 million,” says one of the directors. Sounds like fiction, like a perversion of “The Apprentice” reality show? But, it is not. In May this year Forbes published a list of CEOs notably familiar with the procedure. In business slang, those happy occasions are called “golden parachutes,” which stands for lucrative benefits given to key executives when a company is taken over by another firm, resulting in the loss of their job.

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