Labor & HR issues

Top university teams up with Otto Group for e-commerce education

June 19, 2014

Top Russian university Higher School of Economics (HSE) has teamed up with eSolutions, an e-commerce service provider launched by the Otto Group, in an ambitious academic and professional partnership. While eSolutions specialists will participate in some of the university’s educational programs, the students will offer marketing research for the German company and benefit from internship …

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Russian Internet Technology Fund invests $1.7 million in Swiss online headhunting service Talentory.com

November 25, 2013

The Russian Internet Technology Fund (RITF) announced last week that it has injected CHF 1.5 million ($1.7 million) in Zurich-based Talentory AG, the operator of online headhunting platform Talentory.com, in exchange for “a substantial minority stake.” The Talentory platform allows corporations to address and source the entire market of professional recruiting firms and find relevant …

Russian Internet Technology Fund invests $1.7 million in Swiss online headhunting service Talentory.com Read More

Proposed legislation to encourage influx of foreign IT specialists to Russia

November 19, 2014

In a bid to decisively address the current lack of skilled IT professionals in the country, the Ministry of Telecom and Mass Communications is drafting amendments to Russia’s existing law on the legal status of foreign workers. Based on these amendments, Russia intends to attract “a few hundred thousand” IT-savvy migrants by 2020. The Ministry …

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Snowden starts working for mystery Russian company

November 1, 2013

Former U.S. intelligence officer Edward Snowden, who received temporary asylum in Russia, was hired on November 1 by a major Russian website, Snowden’s lawyer in Russia, Anatoly Kucherena, told the Russian news agency RIA Novosti yesterday. “Starting in November, Edward goes to work. He will work with support and maintenance of one of Russia’s largest sites. …

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Geolocated job search app launches in Moscow with $300,000 angel support

September 19, 2013

Qwenty, a Moscow based startup developing a mobile app for geolocated job searches, has raised $300,000 from serial startup investor Igor Ryabenkiy via his fund Altair. The fund now holds a 35% stake in the startup, the news agency RIA Novosti reported. The iOS and Android app, which is scheduled for launch in Moscow later …

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Wages in the IT field grow faster than expected, and a flexible schedule and benefits package attract IT specialists

September 16, 2013

From January to August 2013, salaries in the IT segment grew by 15 % in Russia, according to a report by employment agency Unity cited by news agency RIA Novosti. This growth is 5% higher than predicted for the field in 2013 and almost twice as fast as the growth in the human resources market …

Wages in the IT field grow faster than expected, and a flexible schedule and benefits package attract IT specialists Read More

Russia’s first social network VKontakte seeks to hire Snowden

November 19, 2014

VKontakte.ru (VK.com), Russia’s number one social network, has officially offered employment to Edward Snowden, the fugitive American government contractor wanted by the United States for leaking details of the National Security Agency’s surveillance programs. Just hours after Russia granted Snowden one-year asylum last Thursday and let him leave the transit zone of Moscow’s Sheremetyevo airport, …

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Californian startup raises $700,000 to put an end to “résumé spam”

July 23, 2013

Investing in US startups has become a habit for certain Russian venture funds, as shown by a recent $700,000 capital injection into California-based Venturocket.com, an innovative online “talent discovery platform.” The round was led by Runa Capital, a venture fund with offices in Moscow and California, with the participation of Talent Equity Ventures, the venture arm of a Russian …

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Ostrovok.ru cuts a third of its staff “to make the company profitable and attract more investments”

June 18, 2013

Russian hotel booking service Ostrovok.ru, which has been generously funded by Western and Russian investors since its launch in 2010, has laid off about a third of its staff in order to optimize operations and secure more investments. The company’s co-founder Serge Faguet made the move public in a corporate blog post published yesterday in …

Ostrovok.ru cuts a third of its staff “to make the company profitable and attract more investments” Read More

Skolkovo claims it reduces brain drain from Russia; announces new R&D center in Amsterdam

May 16, 2013

In his speech at a plenary session held in Skolkovo’s Hypercube building last month, Viktor Vekselberg, the tech hub’s president, identified the emigration of tech specialists as one of Russia’s most pressing issues. “It’s a shame to hear Russian speech everywhere when you go to Silicon Valley,” Vekselberg said. “Large [Russian] corporations need to be …

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Remote working platform Workle raises $3.5 million

April 30, 2013

Moscow-based startup Workle, whose platform enables residents of Russia’s regions to work on a remote basis for leading companies, announced last week it has raised $3.5 million in its second round of funding. The investment came from Klever Internet Investment, the technology branch of a major Russian private investor, Klever Asset Management. Klever has also received the …

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