Journal of Organisational Studies and Innovation

Labour Productivity and Organizational Performance of
Banks in Russia
Elena Prosvirkina
Faculty of Business and Management, School of Business Administration
National Research University “Higher School of Economics”, Russia

Abstract: This paper presents the findings of a case study on labour productivity in the banking industry in Russia. Quantitative data for two hundred banks was collected from the report of the Central Bank of the Russian Federation. The sample used is entirely composed of different types of banks and representatively represent the structure of the Russian banking industry, including international and local banks, large and small banks, government-owned and private banks. The collected quantitative data allowed calculating labour productivity. Findings indicate that labour productivity statistically differs for banks depending on their organizational characteristics, including size, ownership, location of headquarter, and number of years of operation in Russia. Overall finding shows that labour productivity has a positive influence on organizational performance of banks in Russia. The finding conforms to earlier studies on the linkage between labour productivity and organizational performance of banks in other countries.

Keywords: Labour productivity, organizational performance, banking industry, Russia.