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Compensation and Benefits

 

  • The compensation system of Azco EPC is based on employee competencies, as well as the contribution of job performance to the company, the degree of job difficulty and the level of responsibility.
  • For employees working as specialists and at higher grades, Azco EPC has carried out a job appraisal and grading project in consultation with the HAY Group. The compensation policy is annually reviewed through a compensation survey.
  • Compensation of employees working on a monthly salary basis is reviewed once annually, while compensation of employees working on an hourly pay basis is reviewed once or twice annually, depending on the given industry.

Non-Compensation Benefits
Bonuses:
A bonus system is implemented on the basis of personal performance for periods during which the company has a positive performance.


Rewards: Recognition and a reward system are implemented at Azco EPC, which vary on the basis of group companies.