Sep 6, 2021
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More millionaire workers in Russia

In Russia, there are more employees of medium and large businesses with a salary of one million rubles and more, the international audit and consulting network FinExpertiza told Compared to the pre-pandemic period, we are talking about an increase of more than half, in April the number of such workers amounted to 17.1 thousand people (compared to 11.29 thousand in April 2019), follows from the research of analysts.

Basically, specialists with such a high salary work in Moscow, St. Petersburg and the Moscow Region, as well as in the Sverdlovsk Region, Sakhalin Region, Krasnodar Territory, Yamalo-Nenets Autonomous District and Tatarstan. In the capital, the number of employees with an official salary of over a million is about 10.4 thousand, in the region another 1.2 thousand, in St. Petersburg – 1.3 thousand.

Thus, Moscow accounts for 60 percent of workers with similar incomes. “In the capital, the share of such employees is 0.36 percent of the number employed in medium and large enterprises, in St. Petersburg – already only 0.1 percent. However, it is important to emphasize that in this case, when calculating the number of the highest paid workers, one-off payments are not taken into account. And a significant part of the remuneration of overpaid top managers falls on one-time bonuses, “said Elena Trubnikova, President of FinExpertiza Global, pointing out that the real number of millionaire employees can be significantly higher than the 17,000 mentioned.

For the calculations, analysts used Rosstat data on the distribution of the number of employees of medium and large enterprises by wages. Business, with the exception of small businesses, provides this information every two years. In 2021, the survey covered 104.6 thousand organizations, including the state and non-state sector, the data obtained was extended to the general population of objects of statistical observation.

On September 1, FinExpertiza reported that about 2.8 million Russians employed in medium and large enterprises (10.3 percent of all employees) receive salaries of more than 100 thousand rubles per month before tax. Chukotka (47 percent of employees receive a salary of 100 thousand rubles or more), the Yamalo-Nenets Autonomous Okrug (44.5 percent), the Nenets Autonomous Okrug (35.5 percent) and Moscow (34.8 percent) are recognized as leaders.

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