Financial changes as well as promotions are discussed and approved during Mid Year and End Year Review.
Salary increase decision is based on:
- The result of the employee evaluation (successes, achievements, merits and feedback on the attitude / commitment of the employee)
- Salary ranges for a given position
- Budget availability
- Recommendation of direct manager
- Minimum one year interval between the following salary changes
- The recommended maximum increase to the aprox of 10% of the current gross salary
- Approval by CEO / HR
Decision about promotion to new role is based on:
- Significant change in the scope of duties and responsibilities
- Current needs of the company
- Recommendation of direct manager
- Minimum one year of work experience in one position
- Recommended maximum change aprox 20% of the current gross salary
- Approval by CEO / HR