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Salary Payments: How Exactly Does It Work?

The procedure for salary transfers has been amended to comply with current legislation. Here is the key information

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In accordance with Russian laws and HSE University’s internal regulations, salaries at HSE University are paid twice a month. The first payment is transferred around the 25th of each month and the outstanding amount is then wired on the 10th of the subsequent month.

The size of each transfer might change depending on the calendar of working days. The total monthly amount, however, remains the same (unless an employee has taken a vacation or a sick leave during a given month).

For example, if national holidays fall in the first half of the month (which is the case in January, March, May, June, and November), the first payment may be smaller than the second, since the number of working days in the two halves of the month is different. The sum of both payments, however, will be the same as usual.

If there are no national holidays in a given month, the number of working days in both halves is about the same, which translates into roughly equal salary instalments.

Sometimes, the first instalment is not paid—this happens if the employee was on vacation during this time (which means they had already received vacation pay).

Sample calculation of salary for January 2022 (16 working days):

An employee has a salary of 55,000 roubles. If the employee worked a full set of days in the first half of January 2022, they receive 15,089.06 roubles (55,500 roubles / 16 working days x 5 working days – 13% income tax). For the second half of the month, they would get 33,195.94 roubles (55,500 roubles / 16 working days x 11 working days – 13%income tax).

Please note that starting from January 1, 2022, the procedure for salary calculation for the first half of the month has been brought in line with the legal requirements, which is why the size of the first payment can differ from what was transferred previously. At the same time, the procedure for calculating salaries has not changed, which means that the total monthly amount will remain the same.

January 27