More than half of HR leaders are optimistic about their future prospects
HR budget and plans for 2017
KPMG presents an overview of HR budget and plans of Russian and foreign companies operating in the Russian Federation for 2017.
In 2017 HR services will focus on improving staff performance (90%), enhancing employees’ involvement (68%) and retaining personnel (63%). Over half of the companies surveyed place emphasis on HR brand and talent management issues in 2017. About 50% of respondents plan to keep their current bonus systems, however, about 25% of companies are about to review key performance indicators used to evaluate top management, while one third of participants intend to introduce or review KPIs to assess performance of specialists, middle managers and sales personnel.
The survey results showed that 60% of companies plan to automate HR processes, as it will most likely help optimize personnel costs which remain of top priority for 2017 and is on the agenda of 62% of respondents.
“This year’s survey results are more positive compared to previous years. The companies intend to increase the number of personnel (41% in 2017 compared to 25% in 2016) and extend HR budget (39% in 2017 as opposed to 29% in 2016), 77% of companies plan to increase the payroll fund and, in most cases, perform wage indexation by 6-10%. These results prove that most companies have adapted to new business conditions and economic reality”, says Alevtina Borisova, Head of People, KPMG in Russia and the CIS.
The full version of the report is available here.
© 2022 KPMG. KPMG in Russia refers to JSC “KPMG”, “KPMG” LLC, “KPMG Tax and Advisory” LLC, companies incorporated under the laws of the Russian Federation. All rights reserved. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.