How are the premiums of bank employees determined, and when are they paid?
Annual success bonuses are decided by taking into consideration our Bank's long-term performance as well as employee performance evaluations and are provided to our employees on a gross basis in January each year, in accordance with Şekerbank Premium Regulation and Premium Committee Decisions. The results of the Şeker Kazan (Score Card) system, which numerically measures performance for regional and branch personnel bonuses, are considered. Competency-based performance evaluation results are taken into account in the bonuses of Headquarters employees.
How are the premiums of Şekerbank Board of Directors and Senior Management determined, and how are they paid?
The Board of Directors' and Senior Management's annual premiums are evaluated in compliance with the Bank's Premium Management Regulations. It is completed in two installments, partially deferred, as determined by the Wage Committee.
Performance scorecards subject to Senior Management premium payments are created within the framework of our Bank's Performance Management System Regulation. Scorecard components consist of a financial/non-financial “Target” section and a “Competence” section that includes environmental, social and governance key performance indicators.
How are the additional financial rights of senior and mid-managers determined?
Additional financial rights are provided to senior and mid-level managers constructed on the combination of their individual performances in management skills, qualifications, and professional competencies, their performance in meeting their targets in specific roles and responsibilities, and the effects of these performances on our Bank's long-term performance objectives. The remuneration and attendance fee granted to the Board of Directors members are established following articles of association of our Bank, in addition to the final authority of the Şekerbank General Assembly. The relevant decision made on an annual basis is detailed in the official report of the General Assembly Meeting and our Bank's annual report.
What are the responsibilities of the Compensation Management Committee?
Responsibilities of the Compensation Management Committee:
How are promotions determined in Şekerbank?
Employees at Şekerbank are promoted twice a year based on their performance and the promotion criteria that have been announced.
When are the salaries paid at Şekerbank?
Our employees' salaries are paid on the first business day of the following month by depositing them into their salary accounts.
What is the relationship between Şekerbank and the union?
Şekerbank employees who are members of the Banking-Insurance Workers' Union (BASİSEN) are considered inclusive personnel and represented by at least one employee in each workplace. The Collective Bargaining Agreement, renewed every two years and signed between BASİSEN and Şekerbank, determines the inclusive personnel's personnel and monetary rights.
What is Şekerbank's compensation policy?
In the relevant provisions of the Human Resources Regulation and the Premium Regulation, the compensation policy for Şekerbank personnel is defined. Our Bank's compensation policy, which is part of its Human Resources Policy, is based on legal laws and does not include any additional payments.