Compensation Management

At Yıldız Polietilen, we implement a fair and competitive compensation system to ensure our employees receive the best value for their efforts and maintain high motivation. Our compensation policy is designed considering employee performance, seniority, position responsibilities, and market conditions.

Our Compensation Principles

• Fairness and Equality: Ensuring all employees receive equal pay for the same job and responsibilities is our fundamental principle.
• Performance-Based Compensation: We regularly evaluate our employees’ performance and reward their achievements accordingly.
• Market Trends Monitoring: By closely monitoring compensation trends in our industry, we ensure our employees receive salaries above the market average.
• Transparency: Our compensation system is completely transparent. Every employee knows how their salary is determined and what criteria are used for increases.
• Regular Reviews: We regularly review our compensation system and update it based on market conditions and the company’s performance.

Compensation Components

Our employees’ compensation consists of the following components:

• Base Salary: A fixed salary determined based on the employee’s position and responsibilities.
• Performance Bonus: A bonus paid based on the employee’s achievement of set targets and overall performance.
• Seniority Raise: A raise provided to employees who have worked at the company for a certain period.
• Other Payments: Additional payments such as bonuses for special occasions and overtime wages.

Salary Increases

Our employees’ salary increases are determined based on the following factors:

• Performance Evaluation: Salary increases are made based on the employee’s annual performance evaluation, focusing on areas of improvement and achievements.
• Market Conditions: Industry salary trends and the company’s financial status are taken into consideration.
• Cost of Living Index: Factors such as inflation are also considered in salary increases.

Compensation Process

The salaries of our employees are meticulously managed by our human resources department. The following steps are followed in the compensation process:

1. Position Analysis: The competencies and responsibilities required for each position are determined.
2. Market Research: Salaries for similar positions in the industry are researched.
3. Internal Equity: Ensuring salary equity between different positions within the company.
4. Individual Evaluation: Salaries are determined considering each employee’s performance, seniority, and other factors.
5. Decision Making: Salary decisions are made by the human resources department and relevant managers.

At Yıldız Polietilen, we implement a fair and transparent compensation system to ensure our employees feel valued and maintain high motivation.