The most expensive executives for Russian companies in 2023 have been named

In 2023, the most expensive managers for Russian companies were managers of departments involved in such general industrial functions as “sales and distribution”, “logistics and procurement”, “accounting and finance”. Expenses on them amounted to 0.6% of company revenue, which is twice the average (0.3%). Among the least expensive managers are those who provide “interaction with government agencies” and “investment activities” – only 0.08% of revenue is spent on them, a quarter of the average, experts from the consulting company RosExpert record, having studied the revenue, profits and total expenses of the responding companies RE Salary Survey 2023.

As RosExpert project director Anastasia Petrovich explains, such an analysis is the basis for a comprehensive assessment of the effectiveness of the organizational structure of departments. “It allows you to quickly identify functional blocks that require more careful analysis, both in terms of optimization and greater potential for investment in HR resources or automation. “This is the next step in HR departments’ desire to engage in a ‘conscious’ fight for human resources,” she says. As follows from RosExpert data, the most expensive functions for companies in the manufacturing sector are “production management and production services” and “production and assembly.” The share of expenses for them in revenue (1.3%) exceeded the average (0.3%) by almost five times, also among the leaders are IT functions (1%, three times higher than the average), which reflects the widespread digitalization and automation of processes. At the same time, the ratio of the cost of project and process functions in the overall budget of the IT block is 70% to 30%, because of this, investments in the development of new IT technologies and work with data (Data Science) can be increased without compromising operational IT functions. mostly big players. “Among the highest paid positions, we see the role of the financial director, as well as the director of risk and regulation within the banking sector,” agrees Elizaveta Derbina, senior consultant at the consulting company Odgers Berndtson Russia. “According to our data, the median total income for the CFO role is 1.3 times greater than the median for the CIO role, and the median total income for the Chief Risk Officer role is 1.44 times greater,” she says.

Anastasia Manuilova