Wage Management

We implement a fair and transparent remuneration system to ensure that our employees are compensated for their efforts in the best way possible and to keep their motivation high. Our remuneration policy is based on our employees’ performance, seniority, responsibilities of their positions and market conditions.

Our Pricing Principles

• Justice and Equality: Our basic principle is to ensure that all our employees receive equal pay for the same work and responsibilities.
• Performance Based Remuneration: We regularly evaluate the performance of our employees and reward their success.
• Monitoring Market Conditions: By closely following the remuneration trends in our sector, we ensure that our employees receive wages above the market average.
• Transparency Our remuneration system is completely transparent. Every employee knows how his/her salary is determined and according to which criteria he/she receives an increase.
• Regular Review: We regularly review our remuneration system and update it according to market conditions and the company’s performance.

Wage Components

The remuneration of our employees consists of the following components:

• Basic Salary: A fixed salary determined in line with the employee’s position and responsibilities.
• Performance Bonus: It is a premium paid in line with the level of achievement of the targets set and the overall performance of the employee.
• Seniority Raise: A raise given to those who have worked within the company for a certain period of time.
• Other Payments: Additional payments such as bonuses given on special occasions, overtime pay.

Wage Increases

Wage increases for our employees are determined based on the following factors:

• Performance Evaluation: Wage increases are made in line with the development areas and achievements determined as a result of the annual performance evaluation of the employee.
• Market Conditions: Remuneration trends in the sector and the financial situation of the company are taken into consideration.
• Cost of Living Index: Factors such as inflation are also taken into account in wage increases.

Remuneration Process

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

1. Position Analysis: The competencies and responsibilities required for each position are determined.
2. Market Research: Salaries paid for similar positions in the sector are researched.
3. Internal Fairness: Equality of pay between different positions within the company is ensured.
4. Individual Evaluation: Each employee’s performance, seniority and other factors are taken into consideration in determining his/her salary.
5. Decision Making: Salary decisions are made by the human resources department and relevant managers.

As Yıldız Polietilen, we implement a fair and transparent remuneration system to ensure that our employees are recognized for the value they deserve and keep their motivation high.