Labor Stimulation in Systemically Important Russian Banks within the Conditions of Economic Crisis and Sanctions

Abstract :

The purpose of the research is to observe employee labor stimulation system development in conditions of economic sanctions in two Russia's largest financial state-owned Corporations ‘Bank for development and foreign economic Affairs (Vnesheconombank)’ and Sberbank. Research is introducing recommendations to improve the remuneration system in the conditions of crisis management. For the first time special attention is paid to the role of labor stimulation policy of retail bank front-office staff within the system of anti-crisis measures regulating the banking sector.