PJSC Sberbank uses cookies (files with data about previous visits to the site) for personalization of services and convenience of users. Sberbank is serious about protecting personal data – read the terms and principles of data processing. You can prevent cookies from being stored in your browser settings.
All researches
10 July 2020

Russian payrolls amid coronavirus. March–May 2020.

Contrary to popular beliefs, gross payrolls increased in healthcare, information, communications, education, and government management sectors in spring. However, this was largely due to the benefits the Russian government paid. They increased incomes of medical doctors across public healthcare facilities, while teachers of public schools got their holiday pay. This is why gross payrolls added 0.6% throughout public entities. At the same time, teachers and medical doctors working in the private sector lost 15% in gross payrolls.

The government support came in handy as about 10% of those whose incomes dropped got their social benefits.

As much as 75% of the working population is employed by industries that had faced lower revenues. In early April, the biggest enterprises barely cut their payrolls, but in May it was their employees that got smaller compensations.

  • Labor market
  • Finance
  • Markets

Similar researches

No similar researches found