Care of Employees
2024 Key figures: | 142 people — Personnel headcount & 56.3% — percentage of employees that received external training 54.2% — women / total headcount ratio |
Material Topic | Decent work environment, skill development, creation of corporate culture promoting staff comfort, health and well-being |
UN SDGs |    |
Target group | Employees |
Key aspect | Employee Well-being and Development |
GRI 3-3, 2-23
Corporate Culture
Expert RA’s personnel management policy is aimed at hiring and retaining highly qualified and effective employees, who are necessary for the Agency’s successful strategic development and functioning.
Expert RA employees have deep expertise in financial analysis, credit ratings, digital technologies and sustainable development. These competencies allow us to offer clients solutions of the highest level.
We are fully aware that the quality of our work and the reputation of the company in the financial market are formed thanks to expert knowledge, practical skills and high involvement of the team. The professionalism of our employees serves as the foundation for the sustainable development and successful operation of the Agency. Therefore, we pay much attention to creating a comfortable business environment for the professional development of each employee.
The following principles form the basis of the personnel policy.
Professional development | Support for initiative | Open communication | Balanced motivation system |
|---|---|---|---|
Creating conditions for continuous growth of qualifications through a system of training, mentoring and participation in significant projects | Encouraging proposals for improving work processes and introducing innovative approaches | Maintaining a continuous dialogue between management and employees at all levels | Combining competitive remuneration with opportunities for professional and personal development |
These principles have been integrated into the key personnel management processes, including staff selection, hire and shaping up, as well as the internal communications system, the incentives system, the qualification and efficiency assessment system, and the corporate training processes. All personnel management processes are properly documented and approved.
Expert RA Team
GRI 2-7, MED 25
2024 Key Figures and Facts |
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Our team keeps growing and has increased from 2023 by 9.2% — to 142 people. The average headcount was 124.3 people, which is 9.5% higher than in 2023. Our team unites people of different ages and with different work experiences, which enriches Expert RA with broad knowledge and work experience.
The group of employees doing financial analysis and economic research is the most numerous. A significant part of the staff represents the technical team, engaged in digitalisation tasks.
Facts from Expert RA’s Practice
Hiring and Onboarding
2024 Key figures | 27 people were hired in 2024 & 7.4% of new employees — young people with less than two years of work experience 89% of the new personnel have shaped up successfully 11.3% — personnel turnover & |
Being well known in the financial sector and the ESG assessment market for its expertise, Expert RA attracts fresh talent. Expert RA realises that the employees’ strong professional skills and efficiency are key to long-term growth, successful development and strategy implementation, and is committed to building up a highly qualified and dedicated team.
We are set up to develop our practice of attracting young employees to bring in fresh ideas and energy and maintain Expert RA’s dynamism and competitiveness. In our opinion, recruiting young people means investing in the future. All of the newly recruited personnel have a higher specialised (financial, economic, or technical) education.
In 2024, Expert RA continued to expand its team of IT specialists with competencies in data management and the use of artificial intelligence technologies. We are especially interested in graduates of leading financial and technical universities.
The new staff take courses in labour protection, conflicts of interest and insider information, as well as information security, and get familiarised with Expert RA's structure. They also study software, business processes and internal regulations, as well as general and electronic document management rules.
GRI 401-1, MED 33
An individual approach to adaptation is ensured by the practice of mentoring: each new employee is assigned a mentor who oversees the process of on-the-job training and onboarding. As part of the HR strategy, Expert RA focuses on creating a stable and comfortable working environment to retain professionals and reduce personnel turnover.
Incentives and Compensation
2024 Key figures | 83% of our staff have successfully passed the assessment of their performance and been paid yearly performance-based bonuses 17 people have been promoted to higher positions |
Seeing the contribution of skilled staff to the development of Expert RA, we want them to receive decent pay. Expert RA’s remuneration system influences the achievement of the Agency’s strategic goals. A competitive pay and fair performance assessment work to attract and keep highly qualified specialists.
The wage fund has the fixed and the variable parts (the latter depends on the staff performance and, consequently, their contribution).
GRI 404-3
Every year, employees undergo the assessment of individual and corporate KPIs. In 2023, 79% of them were subjected to such assessment, including performance tests and KPI reviews. In 2024, the number of participants increased to 83% of the total number of employees. All of them have been awarded their annual bonuses.
Expert RA also used the assessment results as a basis for its managerial decisions concerning staff career progression. As a result, 12% of the total personnel were promoted to higher positions.
Training and Development
2024 Key Figures | 56.3% — percentage of employees who took external training courses 25.3 hours — average number of training hours per year per employee & |
GRI 404-1, 404-2, 404-3, MED 31
Expert RA appreciates the employees' constant drive to be successful and attaches great importance to their training and development.
Expert RA draws up annual educational plans to supports educational programmes, trainings and courses and thereby allow its employees to expand their professional knowledge and skill with consideration to both personal interests and the Agency needs. The results of annual performance tests are very helpful in this respect. Expert RA organises in-house training courses and compensates employees for taking the courses of external training providers. As many as 56.3% of the Agency’s total personnel took training courses covering all our business lines in 2024.
A special feature of the educational system of Expert RA is the combination of internal corporate programmes with the opportunity to study with leading external providers. This approach ensures a balance between the specific knowledge required for work in the Agency and the best industry practices.
Diversity and Equal Opportunities
2024 Key figures | 44.4% — women in executive positions 51.9% — newly hired female employees 82.3% — what woman are paid relative to men |
Material Topic | Equal opportunity and non-discrimination |
GRI 3-3, 405-1, 405-2, 406-1, 407-1, 408-1, 409-1, SV-PS-330a.1
Expert RA has a clear position regarding the observance of human rights and organises its operations in accordance with the current laws and principles of corporate social responsibility. The Agency is absolutely against discrimination. Expert RA opposes actions that promote a hostile work environment, where instances of belittling or humiliation are possible.
As part of the HR policy, Expert RA ensures equal employment opportunities for all categories of applicants. No cases of discrimination among employees were recorded during the reporting period.
The Agency also confirms the absence of divisions and suppliers in its structure with a significant risk of using child, forced or compulsory labour. Expert RA has not identified any risks associated with the restriction of the rights to form associations and trade unions.
Wellness of Employees and Expert RA’s Social Responsibility
GRI 401-2
In 2024, Expert RA continued to head for a stronger corporate and social responsibility. The development of human capital and the improvement of practical interaction with public and social entities structures is the most important priority for the Expert RA senior management.
Key principles of this approach is creating a favorable environment for the employees. An integral part of this process is the strengthening of the social guarantee system and job safety measures. Expert RA consistently implements environment-friendly solutions at work places, which helps create safe and comfortable conditions for staff. Expert RA sees this as an essential condition for achieving stability and high effectiveness.
