Wage growth in Russia may slow.
Analysts at consulting firm Regroup said that employers are increasingly considering ending the wage race, which they can no longer afford, Vedomosti reports. According to Regroup’s data, employee earnings in the first half of 2025 rose nominally by 8.9–9%, but real growth adjusted for inflation was four times lower than last year’s figures. At the same time, the share of the wage bill in companies’ revenue continues to increase, reducing business profitability. Experts note that companies are not rushing to sharply cut salaries due to staff shortages and the need to retain employees, but growth rates may slow as early as the second half of the year.
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Wage growth in Russia may slow.
Wage growth in the Russian labor market may stall amid a slowdown in companies' revenue growth.