Abstract
AbstractWestern firms that depend on Russian nationals to help operate their businesses in Russia need to find effective ways of designing compensation packages to attract, motivate, and reward these valuable employees. This article proposes that several important aspects of Russian culture should be taken into account. An overview of Russian culture and a discussion of the way it was embedded in compensation systems during the Communist period are presented as background, using Hofstede's five dimensions of culture as a framework. Two surveys of Western firms' compensation policies for Russian nationals are then discussed in light of Russian culture. The article concludes with culturally based guidelines to assist Western firms in developing effective compensation plans for Russian employees.
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