Russia: Draft Regulation introduces Cashback for Hiring 2020 Graduates

2020 graduates were badly affected by the COVID pandemic and make up a significant percentage of the unemployment figures. Draft regulation introduces subsidies for companies who hire 2020 graduates; a possible amendment to Russian law. The subsidy is equal to 3 minimum wages (plus social charges and regional increments, if any) and is paid in installments – after the 1st, 3rd and 6th month of employment, subject to certain conditions (one of which is full-time employment).

Regardless of whether or not the company plans to apply for the subsidy, it is important to bear in mind that making a job offer to a 2020 graduate, and refusing a 2021 graduate, should be based solely on their business qualities in order to avoid claims of discrimination.

The source: L&E GLOBAL