Chapter 12 RussiaOkskaya Shipyard: Employee Retention
Anna Di Nardo
Case Synopsis
This case illustrates an organization’s response to a radical change in the external environment caused by a major political and economic shock. In 2021, the Russian labor market saw substantial growth. As a result, 76% of employers reported serious shortages of qualified specialists, affecting almost all key sectors (Tradesman International, 2022). Given the traditionally low labor mobility in Russia, the changes were reactive in nature, forcing organizations to adopt new business strategies and adjust their HRM policies and practices. Given the financial and market restrictions imposed by the external change, the management team ...
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