Newsfeed

ArmenTel's subscribers to shortly enjoy IP television

Vahe Hakobyan: Investments must create jobs

Politician: "Republican Party of Armenia deporting Armenians from their motherland"

In corporate strategy for 2014 Araratbank gives special priority to activities of businesswomen

Rostelecom provides a number of educational establishments in Abovyan with free superhigh- speed Internet services starting from March 1

Areximbank-Gazprombank Group to provide customers with free non-chip MasterCards under a campaign for motorists

MasterCard holders among VTB Group's Armenian customers can withdraw cash from VTB Group's ATM network at the same tariffs as at VTB Bank (Armenia)

Orange offers an innovative solution for internet and fixed phone services

Lyova Khachatryan: Prosperous Armenia Party will not demand resignation of Armenian President

Political expert rules out an external factor in Tigran Sargsyan's resignation

Edward Nalbandian and Seyran Ohanyan reappointed

Armenian political expert skeptical about viability of "the union of the four"

Moscow: Fulfillment of "road map" will allow Armenia to join Customs Union and Eurasian Economic Union

Gagik Makaryan: Appointment of Hovik Abrahamyan as Prime Minister is intended to ease political and social tension in Armenia rather than deepen reforms

Tatul Manaseryan: Hovik Abrahamyan is able to find a common language even with the opposition

Naira Zohrabyan: The new premier of Armenia should not continue the programme of his predecessor

Deputy Head of Heritage Party: Appointment of Hovik Abrahamyan as prime minister aims to tie Prosperous Armenia Party's hand and foot

Member of the parliament: Hovik Abrahamyan is a compromising man at the position of Armenia's prime minister

Boris Navasardyan: Appointment of Hovik Abrahamyan as prime minister meets oligarchs' aspirations

Hovik Abrahamyan starts forming the new Cabinet

Stepan Safaryan: Conflict of business-interests of Tsarukyan and Kocharyan is not ruled out in the near future

Moscow: One should draw no parallels between Crimea and Nagorno-Karabakh

Tigran Urikhanyan: Prosperous Armenia Party does not consider joining ruling coalition

Serzh Sargsyan: State budget is inviolable and bribery is forbidden

Sources: Along with prime minister’s post, RPA determined to make some other staff reshuffles – Sharmazanov taking parliament speaker’s position, Haroutiunyan going back to the justice ministry, while Sargsyan to engage in diplomacy

Ruling Party entrusts Hovik Abrahamyan with power of prime minister

Yerevan Brandy Company is number one brandy producer in Armenia and number one exporter, Henri Reynaud says

Sargsyan-Abrahamyan-Tsarukyan meeting underway at Armenian President's palace

Activist of "I'm Against" initiative calls on citizens to make no utility payments until the mechanism automatically transferring pension interest to funds is cancelled

"I'm Against" civic initiative intends to apply to court against State Revenue Committee

Ivan Volynkin: Annual Conference of Russian Compatriots makes an invaluable contribution to development of relations between Armenia and Russia

Regional

Vice-Speaker of Israeli Knesset to Deliver in Tbilisi Lecture on Israeli-Arabic Relations

German Chancellor Invites Garibashvili to Visit her Country

Georgian Foreign Minister to Visit Germany

Georgian Foreign Minister Attends International Conference in Vilnius

President to Have Exclusive Right to Grant Georgian Citizenship

NATO Week in Georgia Starts Today

Discussion of the Azerbaijani-Iranian relations on Culture and Tourism

Chief of General Staff of the RF to visit Baku

Ilham Aliyev will visit NAR

Georgian Premier Starts his Regional Tour

Georgian President to Hold Talks in Poland

Georgian Prime Minister Meets with EU Special Adviser

Erdogan is arriving in Baku

Simplification of the visa regime between the EU and Azerbaijan may occur in the summer

U.S. Embassy: Any allegations that US government representatives are trying to foment a revolution in Azerbaijan are absolutely absurd

Foreign Minister of Afghanistan to Pay Official Visit to Georgia

Georgian Foreign Ministry Makes Strict Statement, Concerning Referendum in the Crimea

President Margvelashvili Meets Georgian Troops, Deployed in Afghanistan

Georgian Premier and Afghan Foreign Minister Discuss Two Countries' Relations

Georgian Premier Holds Official Dinner in Honor of Romanian Prime Minister

Analyst: The USA invested $5 billion to directly support Maidan

Georgian Ambassador to Japan Hands over Credentials to His Imperial Majesty Emperor Akihito of Japan.

Tbilisi Hosts Annual PDP Conference

NATO May Accelerate Georgia's Integration and Grant it MAP because of the Crimea Problem

Georgian Ambassador to Lithuania Addresses Seimas

Iranian Deputy Foreign Minister in Baku

Gerhard Schroeder will make a speech in Baku

Putin is unable to persuade the leader of the Crimean Tatars

Georgian Defence Minister Attends NATO Defence Ministerial

Saakashvili is Offered High Post in Kiev

Exclusive

Vahe Hakobyan: Investments must create jobs

Sergey Markedonov: People living in Crimea and Karabakh saw no future for the countries they were attached to

Vahram Avanesyan: It is impossible to achieve serious results by means of standard and framework reforms

Wayne Merry: Situation around Ukraine is a serious alarm that the South Caucasus political nucleus must be seriously revised

Dariusz Prasek: EBRD demands absolute transparency from companies

Sargis Hatspanyan: When it comes to the change of regime in Armenia, the West washes hands of it

Andrey Yepivantsev: Only time may show if we have opened Pandora's box in the Crimea or not

Giorgi Tarkhan-Mouravi: Confrontation around the Crimea will speed up Ukraine's European integration

Ivan Kukhta: Ukraine has received a chance to be totally reset

Vaidotas Verba: Eastern Partnership project is not directed against anybody, it is simply for open opportunities

Vladimir Yevseev: The only way out of the situation in Ukraine for the West is through negotiations with Russia

Edward Sharmazanov: The principle of peoples’ right to self-determination tends to dominate in the world

Gevorg Poghosyan: Armenia is on an explosive-timing device and may explode at any moment

Sergey Grinyayev: Armenia has just to realize its status of an essential partner for Russia

Grigory Tishchenko: Strengthening of Russia’s positions in the South Caucasus will contribute to peaceful settlement of the Nagorno-Karabakh conflict

Artak Shakaryan: Armenia and Diaspora should be ready for Turkey’s imitative policy in the matter of Armenian Genocide recognition

Hovhannes Igityan: Only reason why they 'invited' Armenia into the Customs Union was to show Europe who wears the pants in the post-Soviet area

Alexander Voronin: ANELIK has almost 20% of all money transfers in the CIS

EY issues its 2013 Compensation & Benefits Survey reports for the Armenian market

  • by Elita Babayan

  • Friday, January 17, 16:56

 In late 2013, EY issued its 2013 Compensation & Benefits Survey reports for the Armenian market.  In 2013, around 50 Armenian and international companies from banking and financial, trade, chemical and pharmaceutical, telecom, professional services, FMCG, mass media, advertising, non-profit and other sectors participated in the Compensation and Benefits Survey conducted by EY in Armenia. Along with general industry, a special industry report was also issued for the financial services and banking sector of Armenia.  The reports include detailed information about monthly and annual fixed pay and annual variable compensation for up to 200 cross-industry jobs as well as more than 250 positions for the financial and banking sector.  

The reports also provide details on the cash compensation structure, and they include comprehensive information on HR policies and practices implemented in Armenia, including those related to business travel, training, social allowances, incentive plans, insurance, pension plans and other benefits, recruitment, and other policies and strategies. In addition, the report offers analyzed data on HR metrics regarding organizational effectiveness, remuneration, recruitment, HR function, employee ratio in organizations and lots of other useful information on the Armenian labor market. 

Overall, the survey results prove the continuation of general trends observed on the Armenian labor market over the last few years. As in previous years, most of the companies surveyed do not plan to make any changes in the number of personnel in the upcoming year, while 36% of the companies plan an increase and only 10% a reduction in staff in 2014.  The same indicators for the financial and banking sector are 41% and 11%, correspondingly.  According to the survey, the inflation rate, followed by market data, are the most popular indicators used by Armenian companies as a basis for salary changes.

Among the most important HR management priorities indicated by survey participants in 2013 were performance evaluation and management, corporate culture, motivation and retention of employees and the link between the company’s HR policy and business strategy, strategic HR issues and HR organization.
EY conducts the Compensation and Benefits Survey, as well as a number of other surveys, annually in nearly all CIS countries. Hundreds of companies are involved in general industry surveys, industry specific surveys (financial and banking, insurance, consumer goods, logistics, pharmaceutical, IT/telecommunications, etc.), customized surveys (key market players, top management surveys, foreign employees and regional surveys) and other surveys. 

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields