Incentivizing of employees exerts a strong influence in terms of their strategic impact and can be an effective tool for employers, particularly during times of economic uncertainty. Incentivizing enables employers to retain key talents, implement new skills and behaviors, and drive organizational transformation. The fast-changing employment environment, due to the COVID-19 outbreak, can also inspire the need for changes to the employees’ incentivizing. Now, as organizations have adjusted to a new reality, they have an opportunity to reevaluate their pay plans and introduce some program changes that could help them thrive, within a rapidly changing economic reality. In this episode we will address these issues that are crucial to organizations and discuss the acceptable types of employee motivation and incentive in Russia.
Speakers: Irina Anyukhina, ALRUD Partner and Head of Labour and Employment Practice, Margarita Egiazarova, Senior Associate of Labour and Employment Practice at ALRUD, and Olga Pimanova, Of Counsel of Labour and Employment Practice at ALRUD.