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Personnel Shortage More Critical than Financial Problems
In spite of general optimism in Russian industry, personnel shortages are making themselves felt more strongly and have already displaced financing problems on entrepreneurs' list of discontents, says Grant Thornton research company in its annual survey. Government regulation and bureaucracy occupies the top place on that list, mentioned by 59 percent of respondents. A shortage of working assets (42%) and the cost of financing and difficulty of obtaining it (40%) also rank high. The lack of qualified personnel, however, has risen in the list to 45 percent of respondents, up from 28 percent last year.
Almost half of Russian businesses (48%) list personnel costs as their largest expense. Worldwide, that indicator is 41 percent. Transport, electricity and property costs are more significant for Russian businesses than the world average as well. Only raw materials is below the world average rank.
Emergencies do not concern Russians very much. Only 29 percent of Russian companies have an emergency management plan (57% worldwide). Only 20 percent of Russian companies have a senior risk management planner, compared to 44 percent worldwide and 57 percent in the United States.
www.kommersant.com
All the Article in Russian as of Oct. 04, 2007
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Photo: Sergey Mikheev
