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Sakhalin Energy Ranked First in Russia for Labour Productivity

For the sixth year in a row, Sakhalin Energy has been announced the winner of the Labour Productivity: Russian Industry Leaders 2022 all-Russian award.

With the annual performance of RUB 206.97 million/person, the Sakhalin-2 project operator leads the TOP 100 rating, which is the main nomination for labour productivity among Russia's key enterprises.

The other companies making the TOP-5 behind Sakhalin Energy include Lukoil, Gazprom, as well as Tatneft and Varyeganneft. The Sakhalin-2 project operator is the only company representing Sakhalin Oblast in the final ranking. Entities from other constituent territories of Far East included in the final ranking belong to the oil and gas, metals and power industries, as well as construction materials, with four of them coming from Khabarovsk Krai, two from the Republic of Sakha (Yakutia), one from Zabaykalsky Krai, and one from Amur Oblast.

The labour productivity indicator is one of the most important criteria for assessing the economic efficiency as it reflects a company's ability to use its labour resources rationally. It also helps to understand how advanced the company is in terms of equipment and technology used and how efficiently the business is run.

The organiser of the award, the Production Management business portal, used data on revenue and the average headcount to calculate productivity. The data were obtained from the submitted questionnaires, as well as from open corporate quarterly and annual reports, including the 2021 Sustainable Development Report published on Sakhalin Energy's official website.

The assessment covered more than 5,000 industrial enterprises of Russia, with the total revenue exceeding RUB 37,768.5 billion ruble and headcount of over 2.764 million employees. With such an extensive amount of data analysed, it is possible to draw a comprehensive picture of labour productivity in various industries, as well as trace how the indicator has changed over the last few years.

As stated by the organiser of the award, the data obtained indicate that the majority of companies covered by the project have seen their revenues grow by the end of 2021. Meanwhile, the undisputed leader, Sakhalin Energy, has been demonstrating stable performance year after year, maintaining its leadership position in the ranking even amid global turbulence.

31 August 2022

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