Wages and benefits
We implement a remuneration system that is based on the content of the work performed, and not on title or function. Position sizes are categorized under bands and wage policies are determined accordingly. Our remuneration system seeks to ensure that the total wages earned by our employees are determined according to competitive and fair corporate policies that take current market trends into account.
Our remuneration system differentiates and rewards performance as a means of employee motivation. Individual wages are reviewed once a year depending on economic indicators and balance within the company.
We offer extensive side benefits that complement the professional and personal lifestyles of our employees. Employees are also eligible for Flextra, a flexible benefits scheme that they can customize according to their individual needs. They can choose between alternatives including life insurance, gift cards, check-ups and private pension plans within the benefits budget allocated to them.
Our Industrial Relations Policy views trade unions as "social stakeholders" rather than a "bargaining party", and we ensure that our relations with unions are managed on a regular and efficient basis. We respect our employees' rights to associate in trade unions and collective bargaining, and we build a relationship of trust with our employees and trade unions to promote a peaceful workplace. Our collective bargaining agreements include better working conditions, work health and safety, and support for life events such as birth, education, marriage or death.