Rewards - Compensation
Rewards - Compensation and Benefits Regarding compensation and benefit trends, about half of the companies (49%) don’t expect any changes in compensation in the current economic environment. Nevertheless: What recent changes have you implemented, from a remuneration point of view, and given the current economic context? NEARSHORE PORTUGAL - Tendências na gestão de talento • 25% have made adjustments to incentive plans; • 24% increased base salaries; • 18% maintained pay levels; • 9% froze/postponed non-statutory pay adjustments or meritocratic increases; and • 2% reduced bonuses. Others Keep payment levels Bonus reduction Increase base wage Adjustment of incentive plans (goals/payments) 0,00% 1,82% 18,18% 23,64% 25,45% Froze ou postpone non-statutory salary adjustments or meritocratic increases 9,09% No alterations 49,09% 26
Rewards - Compensation and Benefits Actual benefits structure NEARSHORE PORTUGAL - Tendências na gestão de talento Analyzing the current benefits structure of the Nearshore sector in Portugal, we observe that most companies have invested in meal subsidy (96%), health insurance (91%) and flexible benefits plan (67%). Personal accident insurance ranks fourth (62%), followed by life insurance (45%). However, for companies that haven’t yet done so, the short-term implementation of benefits such as: • Flexible benefit plans (16%); • Pension plans (11%); • Gym and transportation allowance (9%). Birthday day Gym Flexible benefit plans Transport allowance Meal allowance School allowance Personal accidents insurance 1,82% 9,09% 9,09% 1,82% 1,82% 7,27% 1,82% 25,45% 16,36% 16,36% 32,73% 23,64% 36,36% 49,09% 49,09% 58,18% 65,45% 61,82% 67,27% 69,09% 96,36% Life insurance 3,64% 50,91% 45,45% Health insurance 3,64% 5,45% 90,91% 27 Pension plans 10,91% 45,45% 43,64% To implement in short term No Yes
