The Underlying Issue Behind Russia’s Prevailing Compensation System: an Analysis of the Current Russian Compensation System

Gómez-Mejía, L. R., Balkin, D. B., & Cardy, R. L. (2016). Managing human resources (7th ed.). Harlow: Pearson.

2. Leatherbarrow, C., Fletcher, J. & Currie, D. (2010) Introduction to Human Resource Management. 2nd Edition. London: CIPD

The Russian state has been characterized by its strong heritage of powerful, autocratic leadership. This domination by small ruling elite has been seen throughout Russia's history and has transferred into its economic history. Throughout the Russian czarist period, to the legacy of seventy years of communism; Russia has been a country marked by strong central state planning, a strict command economy and an overall weak market infrastructure (Goldman, 2003). Self-interest, manipulation and corruption have all been present in the Russian economy, and have greatly helped the few as opposed to the many. To this day, Russia still struggles with creating a competitive and fair market.

“She stretched forth her body and said “Lord, into thy hands I commend my spirit.” And so she ended.” Extract from The Tower of London by Harrison Ainsworth. Where do you see yourself in 4 years? How would you react if you were told you had been chosen as king or queen of England? This reality was all too real for Lady Jane Grey, the quiet young girl from Leicestershire. At the age of 17 Jane became queen, but not for long. This biography will follow the fascinating life of this intelligent protestant women and explore what makes her story one of the most captivating of her time.

Gerhart, B., Hollenbeck, J., Noe, R., & Wright, P. (2009). Fundamentals of human resource management (3rd ed.). New York, NY: McGraw-Hill.

Boxall, P and Purcell, J (2011), The Goals of Human Resource Management, Strategy and Human Resource Management, 3rd Edition, Palgrave Macmillan, New York, pp. 1-36.

Oligarchy as it is known in Aristotle’s politics; is a government run by a small group of people, ‘elites’. However, the oligarchy which this essay addresses is currently referred to in Russia as “a very wealthy and politically well-connected businessman...one who is the main owner of a conglomerate of enterprises and has close ties with the president” (Aslund and Dabrowski, 2007; 144). In the 1990s Russia’s economic reforms are said to have created the rise of a small group of oligarchs who gained an overwhelming amount of power and control. By 1997, this small group of previously unknown businessmen and bankers, often with gangster ties, had acquired control of many of the key parts of the Russian economy. Why did they emerge? It is argued by David Satter that three processes facilitated the emergence of the oligarchs. The first was hyperinflation and the social, economic and political consequences. The second was the process of privatisation, and finally the third was criminalisation (Satter, 2003). However, were these powerful oligarchs just a phase during the transition from Soviet to Post-Soviet Russia? Even with Putin’s efforts and declaration to distance the oligarchs from politics and power, and start a war against them exemplified by the Khodorkovsky affair, are oligarchs still significantly powerful in contemporary Russia? What is the role they play in Russia? It seems that the power of those original oligarchs of the 1990s has decreased or been concealed in

Alexander, M., 2003. A handbook of Human Resource Management Practice. 9th ed. London: Kogan Page

This paper intends to define, firstly, the Human Resource management, functions and then, broadly, the System in terms of General System Theory. Strategic Human Resource Management has been defined in various ways and by various scholars. Following are the most precise definitions: “Designing and implementing a set of internally consistent policies and practices that ensure a firm’s human capital (employees’ collective knowledge, skills and abilities) contributes to the achievement of its business objectives” (Huselid, Jackson, Schuler and Randoll, 1997: 171) “It is the pattern of planned human resource deployments and activities intended to enable a firm to achieve its goals” (Wright, 1998: 187). First, the Human Resource System, consists

Abstract: Human Resource Management is fast gaining popularity and its importance is becoming unavoidable, this is due to the fact that Human Resource Management plays a huge role in the growth of any company irrespective of its size. Unfortunately it is yet to achieve global standards or strategy of operation; this can be attributed to the various differences between environmental factors, employment attitudes, cultural

Have you ever been on a trip and met some strange people? Not in the sense as creepy, but as in weird? This occurs to Roald Dahl in "Going Solo." On his trip to different places to work for the Shell Company, he meets two rather odd people. One who likes to run around the deck naked with his wife. And another one who finds fingers and toes disgusting. (The Voyage Out, 64). Both of these two people meet Dahl on his trip. Dahl thinks they're both different in sense of he doesn't have the same impression for both of them. But the way Dahl describes them and their actions show that they might not be so different after all.

“There’s nothing new about cannabis, of course. It’s been around humankind pretty much forever. In Siberia charred seeds have been found inside burial mounds dating back to 3000 B.C. The Chinese were using cannabis as a medicine thousands of years ago. Marijuana is deeply American too—as American as George Washington, who grew hemp at Mount Vernon. For most of the country’s history, cannabis was legal, commonly found in tinctures and extracts” (Sides). This is how the national geographic article “Science Seeks To Unlock Marijuana’s Secrets” by Hampton Sides was opened. Very good opening sentences that provide a good idea of marijuana and a little history on it as well. There are many problems in todays society, but the argument of

In an era of increasing competitiveness, globalization, economic rationalization, deregulation, technological revolution and changing workforce there is an ever-increasing need for human resource management to be able to capitalize on the special challenges that this changing environment brings. For a company to be able to successfully keep ahead of the competition, human resource management is seen to be a significant contributor.

Russia, officially known as the Russian Federation, has a total area of 17,098,242 sq km (“The World Factbook”) and is the largest country in the world. It is about 1.8 times the size of the United States (“The World Factbook”). Most of Russia is either large stretches of plains or areas with a lot of forests and mountains, with the exception of the Siberian Tundra. It is difficult to perfectly describe Russia’s climate because of it’s large size. However, in general, the country only has two seasons, summer and winter. In the summer they have very warm, continental weather and they have very harsh winters with a lot of snow. Russia is plentiful in natural resources. They are particularly

One of the main tasks of the enterprises of various forms of ownership and spheres of activity - the search for effective ways to manage labor to ensure the activation of the human factor and achieve the best production results. The company «Hyatt Hotels Corporation» is today one of the leading companies offering hotel services. The company, headed more than 500 hotels all over the world, is of great interest as an object of study of the corporate culture, because it includes a huge number of employees (more than 30 thousand people). Hyatt Hotels and Resorts are distinguished unsurpassed quality of services precisely because of its staff. At the heart of the corporate principles of the company have the task to give our employees