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Inc.Russia: Russia Loses Highly Qualified Professionals

3-5-2022 |

The Institute of Economics of the Russian Academy of Sciences stated that unemployment itself is not the most dangerous risk for the development of human capital in Russia.

According to experts, the loss of "elite human capital" due to emigration and the growth of "gray" employment will have a much more negative impact on the labor market.

The experts of the Institute of Economics of the Russian Academy of Sciences noted that unemployment is not the biggest risk of the labor market in conditions of sanctions, the RBC reports with reference to the materials of the round table. This is due to the Russian labor model: employers are trying to avoid layoffs, instead cutting wages.

Even with the low rate of unemployment in Russia may reduce the number of new vacancies. Young people entering the labor market for the first time will be hit especially hard, according to IE RAS.

The growth of "gray" and illegal employment will lead to the fact that against the backdrop of job cuts, employees will be forced to hold on to their jobs more tightly, and violations by employers may increase.

More dangerous than unemployment may be the loss of "elite human capital," which began because of the war in Ukraine. Most of the specialists are leaving the spheres closely connected to the international community, first of all the IT-industry.

Alexei Sedlov, a leading researcher at the IE RAS, estimates that about 7% of the 1 million people employed in IT went to developed countries.

By Inc.Russia