Rus News Journal

Paradise for a top - managers

in emerging markets to managers to work more favourably

the Top - managers live in emerging market economies better, than their colleagues in the West. To such conclusion the experts of American consulting company Hay Group who have prepared the annual review of purchasing capacity of managers who occupy administrative posts in the large companies have come. The best financial indicators have appeared at heads of corporations in the Near East. The Russian managers have kept a place in first ten.

calculation of purchasing capacity of managers experts Hay Group made on the basis of average earnings of managers (level of the general director/ the head of division) the national and foreign companies which was corrected taking into account life and taxation cost in this or that region. The review included 51 country, and for a reference point the USA which index has made 100 units have been accepted.

It has appeared that is better feel a top - managers of the companies working in emerging markets, especially in the countries of the Near East rich with oil. Qatar included in the review for the first time became the leader of 2008. Other Near-Eastern countries, including the United Arab Emirates, Saudi Arabia have kept a high rating. Excellent indicators at Hong Kong (the fourth place), Turkey (fifth), Mexico (12 - and continental China (17-). Their ratings have appeared it is ready above industrially developed countries. The good result among the last Austria which has occupied 15 - e has shown a place.

members the big seven almost all have appeared at the tail-end of the list. Only Germany has occupied 18 - e a place, whereas Italy - 32 - e, France - 33 - e, Japan - 39 - e, the USA - 41 - e, Canada - 45 - e, and Great Britain - 47 - e. It is connected with more concessionary terms of the taxation in emerging markets, - Irina Chernozubova has explained daily the head of department of information services in representation Hay Group compensations in Russia. - If we will compare system of the taxation of countries of Western Europe to the Eastern Europe or Russia the difference will be considerable . Besides it, the great influence on a rating renders an index of the purchasing power, has noted g - zha Chernozubova.

to the Managers working in Russia, also a sin to complain. Our country this year has occupied 9 - e a place that is good result in spite of the fact that in 2007 - m it was the fourth. This time it was overtaken by five countries of the Near East, Hong Kong, Turkey and Romania. Occurrence in first ten rating of Romania (22 - e a place in 2007) became a surprise. According to analysts Hay Group, it is connected with the big inflow of investments to Romania recently. Ukraine which has moved with 7 - go places on 34 - e has appeared unique developing country where purchasing capacity of managers has sharply fallen. However, against serious economic and political problems in Ukraine it is quite natural.

PURCHASING CAPACITY of MANAGERS

the Country/ region

the Index in 2008

the Place in 2007

1

Qatar

241,7

did not participate

2

the United Arab Emirates

218,2

2

3

Saudi Arabia

210,1

1

4

Hong Kong (the Peoples Republic of China)

199,6

189,2

5

6

Oman

180,4

did not participate

7

Kuwait

179

did not participate

8

Romania

168,6

163,7

4

10

Thailand

162

8

the Source: Hay Group