Newsfeed

VTB Bank (Armenia) consumers may now get standing orders for paying for Beeline services

Anelik Bank presents a new credit product - Simple-Fast Extra

Alexander Manasyan: In big-league politics Erdogan's anti-Armenian statements are a trifle

Expert: Increase in water release from Lake Sevan endangers the lake ecosystem

Politician: Perhaps great powers have promised Armenia to pressure Turkey into opening Armenian-Turkish border

Armenian general suggests delivering a series of preventive surgical strikes at Azeri army's combat positions

General: Even Turkish instructors admit low combat effectiveness of Azeri army

Mika Stadium placed on auction

Resident of Artashat wounded in shooting

Armenian Foreign Minister to attend Erdogan's swearing-in ceremony

VTB Bank (Armenia) offers a new installment credit with 1% discount

Beeline provides its subscribers with free access to its website

ACBA-Credit Agricole Bank announces a CASHBACK QUEST contest for AmExR Cashback cardholders

Ameriabank launches AmeriaToken - innovative application for smartphones of customers using online services

Employees of Areximbank-Gazprombank Group join international Ice Bucket flashmob

Armenian Presidnet: Not everybody is glad that Armenia is joining the Customs Union

Armenian FM may attend inauguration of Turkish President

Armenian President is comfortable with activities of parliamentary opposition

Vice Speaker of Armenian Parliament: Mass violence applied against Yazidis in Iraq is unacceptable

Georgian Military road completely cleared

President of Armenia: Baku organizes provocations at the highest level

Aram Manukyan: Armenian authorities pushed the idea of independent and free Armenia to the sidelines

Coordination Center of Armenian Associations of Sweden demand Azerbaijan to repatriate Karen Petrosyan's body

Areximbank-Gazprombank Group provides nonchip Visa Gold and MasterCard Gold cards

Shavarsh Kocharyan: Murder of Karen Petrosyan has many similarities with the cruel murder of American journalist in Syria

Ivan Kuhta: Difference of our political orientation will not affect Ukrainian-Armenian relations

Armenian President: Armenian-Georgian relations are on all-time high level

Special offer for Orange Internet subscribers

Exclusive

Ivan Kuhta: Difference of our political orientation will not affect Ukrainian-Armenian relations

Zardusht Alizadeh: Arriving in Sochi, Aliyev and Sargsyan once again demonstrated the world that Russia is still the demiurge in the Caucasus

Masis Mailyan: Unlike Azerbaijan, global centers of force are not interested in growing tensions in Nagorno-Karabakh conflict zone

Sergey Grinyayev:The West’s sanctions are extremely positive for the Eurasian Union project

Alexey Kolomiyets: West's sanction will hardly sober Putin and the Kremlin

Hrant Bagratyan: Sanctions will have tangible impact on Armenia

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

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