hriz.ru··1 min·For: Owner, GM, Ops, Investor, F&B
Hospitality Outpaces Other Sectors in Russian Wage Growth
Analysts report that the hotel and restaurant industry is seeing income growth rates that significantly outstrip other sectors of the economy. This trend reflects a tightening labor market and the increasing value of service personnel.
Key Takeaways
- 1Monitor payroll competitiveness as hospitality wages outpace other sectors in Russia.
- 2Anticipate increased costs due to rising demand for hospitality services and a competitive labor market.
- 3Review retention strategies to align with the significant upward trend in service-sector earnings.
Source: iz.ru
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