Compensation Management

At Yıldız Polietilen, we implement a fair and competitive compensation system to ensure our employees receive the best possible return for their efforts and maintain high motivation. Our compensation policy is based on employees’ performance, seniority, the responsibilities of their positions, and market conditions.

Our Compensation Principles

• Fairness and Equality: Our fundamental principle is to ensure all employees receive equal pay for the same work and responsibilities.
• Performance-Based Compensation: We regularly assess employees’ performance and reward their achievements.
• Monitoring Market Conditions: We closely track compensation trends in our industry to ensure our employees receive salaries above the market average.
• Transparency: Our compensation system is fully transparent. Every employee understands how their salary is determined and what criteria apply to salary increases.
• Regular Review: We regularly review our compensation system and update it according to market conditions and company performance.

Compensation Components

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 based on the employee’s achievement of set targets and overall performance.
• Seniority Bonus: A bonus awarded to employees who have been with the company for a certain period.
• Other Payments: Additional payments such as bonuses for special occasions, overtime compensation, and other extras.

Salary Increases

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

• Performance Evaluation: Salary increases are made based on the employee’s annual performance review, including their development areas and achievements.
• Market Conditions: Compensation trends in the industry and the company’s financial situation are considered.
• Cost of Living Index: Factors such as inflation are also taken into account when determining salary increases.

Compensation Process

Employee salaries are managed with care by our human resources department. The following steps are followed in the compensation process:

1. Position Analysis: The required competencies and responsibilities for each position are identified.
2. Market Research: Salaries for similar positions in the industry are researched.
3. Internal Equity: Pay equity among different positions within the company is ensured.
4. Individual Assessment: Each employee’s performance, seniority, and other factors are considered when determining compensation.
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 receive the value they deserve and keep their motivation high.