PhosAgro will index by 12% its employees wages in 2022

From February 1, 2022, PhosAgro will increase the wages of its employees by 12%.

The decision is based on the company’s strong operating performance, growth in labor productivity and production volumes, as well as an increase in the efficiency of business processes.

PhosAgro has a flexible system of the bonus awards on the fulfillment and overachievement of targets. The company annually issues bonus payments for professional holidays. The indexation doesn’t cancel the current flexible system of bonuses.

“PhosAgro is among the best employers in the regions of its presence. We create comfortable, safe working conditions and guarantee competitive and decent wages. The increase in salaries will help to strengthen the material welfare of our employees and will be an additional incentive to improve labor efficiency,” said PhosAgro CEO Andrey Guryev.

On September 1, 2021, PhosAgro already indexed the salaries of the production personnel and administrative and managerial personnel by 4% and 3%, respectively.

Besides, in summer 2020, PhosAgro introduced new collective agreements amid the COVID-19 pandemic. They have expanded a list of benefits and social guarantees for the company’s employees and increased their wages.

All employees are provided with medical services within a program of voluntary medical insurance. The enterprises have programs of health improvement and summer vacations, including for the children of employees. The corporate housing program is in high demand as well.

Over 18 thousand people work at the PhosAgro enterprises.