Creating Attractive Working Conditions
Our HR management strategy helps attract and retain best talent, provide decent remuneration, recognise achievements, foster dialogue with management, and develop leadership skills in people. All these initiatives boost Rostelecom’s profile as the employer of choice, supporting its longer-term development goals.
Rostelecom Group’s salary expenses were increased from RUB 67.2 billion in 2017 to RUB 69.8 billion in 2018 (+ 4%), with the average monthly pay raised from RUB 44 thousand to RUB 47 thousand (+ 6%).
|Rostelecom Group (including subsidiaries and affiliates)||66.02||67.2||69.8|
|Rostelecom Group (including subsidiaries and affiliates)||40||44||46|
Rostelecom has zero tolerance for gender discrimination and discloses salary information across gender, also providing data on its ratio of basic salary and remuneration of women to men for each employee category. The Company is committed to further improving its gender equality practices.
|Average annual payroll|
|Basic salary ratio||Annual remuneration ratio|
In 2018, the Company approved the Collective Bargaining Agreement of PJSC Rostelecom for 2019–2021. The document ensures continuity of the existing range of social benefits and compensations, and addresses the individual needs of each employee. The list of benefits offered by Rostelecom is divided into two groups: basic, or standard, benefits and the Cafeteria Plan. The basic benefits are provided to all employees. The Cafeteria Plan includes benefits matching employees’ individual needs. Employees are invited to choose from the list of benefits: financial assistance for holidays, gym memberships, coverage of education expenses, trips to health resorts, etc.
Voluntary health insurance is yet another competitive advantage of PJSC Rostelecom as an employer.
Employee housing support is an important social protection tool. Rostelecom successfully implemented its Housing Programme in 2015–2018. In 2018, in addition to the benefits outlined in the Collective Bargaining Agreement, the Company provided RUB 273 million in financial assistance to 1,001 employees (as interest-free loans or reimbursement of interest on mortgage loans taken by employees earlier). This reflects an increase of RUB 33 million from 2017.
A total of 20.1% of Rostelecom total employees (11,080 women and 14,811 men) have the right to retire in the next five or ten years. The Company enhances social protection of employees by offering them an opportunity to join its private pension fund programme. As at 31 December 2018, 41,779 employees were members of our new corporate pension scheme offered by the subsidiary pension fund Alliance – 46.2% of total employees eligible for the scheme (43% in 2017).
In 2019, the Company plans to provide assistance to 1,071 employees under the Housing Programme.
|Total for Rostelecom||11,080||14,811|