SALARY INDEXATION: WHAT EMPLOYERS SHOULD CONSIDER?

marketude Employment and Pensions, Igor Brazhevsky, Publications, Russia, Russia Express

Article 130 of the Russian Labour Code provides that measures ensuring increase of salary level are included in the primary state guarantees as regards salary payment. In turn, increase of salary level entails salary indexation due to the increase of consumer prices for goods and services (Art. 134 of the Russian Labour code)…

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