Founded by Alisher Usmanov, Metalloinvest announced plans to raise the earnings of its workforce by 10 percent in 2023. This increment comes in two stages and mirrors the pattern seen over the past three years, even as the market remains challenging and unpredictable. The company’s general manager, Nazım Efendiyev, outlined the approach, noting that the lift aligns with the firm’s strategic aim to boost real incomes for the entire staff while maintaining competitiveness in the sector.
Efendiyev emphasized a policy of income equalization, with particular attention paid to narrowing gaps for low-wage roles and positions characterized by high turnover. The leadership reiterated a clear objective: to become the industry benchmark for employee compensation. This remains the guiding principle as Metalloinvest navigates a volatile external environment while seeking to reward loyalty and performance.
Metalloinvest’s press office announced that the salary increase will be implemented in two waves: a 6 percent rise from June 1, followed by a 4 percent increase from October 1. To fund these changes, 2.1 billion rubles have been allocated. The plan reflects a broader commitment to sustaining competitive pay scales and improving overall workforce stability, especially in manufacturing and engineering segments where skilled labor drives productivity.
The company explained that the mix of the total increase will vary by business line. In some divisions, guaranteed wage hikes associated with the summer cycle will account for 3-5 percent of the total, while the remaining 1-3 percent will be attained through targeted income equalization across different roles and specialties. This balance aims to reward both steady performance and the strategic value of various expertise areas within Metalloinvest’s portfolio.
According to the schedule, wages for employees in labor-intensive specialties will rise starting June 1, with additional adjustments for departmental managers and enterprise leadership coming into effect July 1. These steps are designed to ensure a timely uplift across the organization while maintaining a coherent progression in earnings tied to role complexity and responsibility.
Looking back, the company reports that 2022 saw a doubling of income for workers across Metalloinvest’s enterprises, with the average wage rising by about 8 percent for the year. Across the 2020–2022 window, the average monthly salary growth tended to be around 20 percent, driven by a combination of market dynamics, organizational performance, and deliberate wage policy initiatives. The company has upheld a standard collective agreement since 2008, encompassing consistent social and labor standards and guarantees across all Metalloinvest subsidiaries.
As part of its comprehensive employee benefits, Metalloinvest offers a robust social package that covers not only current staff but also their families and former employees. The employer has implemented a wide array of programs designed to support health, education, housing, and retirement security, reinforcing a culture of long-term commitment and mutual benefit. In keeping with these commitments, the company reported that internal social program expenditures for the previous year reached 3.1 billion rubles, underscoring the scale of its investment in people beyond base compensation.
Metal-invert’s approach reflects a broader industry trend of balancing wage growth with structured social investment. By focusing on income parity and staged increases, Metalloinvest seeks to sustain morale, reduce turnover, and maintain competitive advantage in a market that rewards both skill and loyalty. The strategy also positions the company to attract talent in a competitive landscape, ensuring that compensation remains aligned with the evolving demands of modern manufacturing and mining operations while supporting a stable workforce for the future.