Adequate salaries and social programmes are important factors for raising the quality and productivity of work. Obolon Corporation has a unified and balanced system of compensation and incentives, accounting for various positions and the results provided by each person and the company as a whole.
|Basic Salary System||Bonus System||Reimbursement Payments System|
|Weight in the incentives system|
As an employer, Obolon Corporation views the main salary as a compensation for the work performed according to the established standards (time, output, service, and functions). This compensation is provided as salaries and piece-work rate for the employees, and position salaries for the managers.
|Salary type||Personnel category||Payment form|
|Time-rate||Workers, drivers, security guards, etc.||Payment according to the actual number of hours worked|
|Piece-rate||Production personnel||Compensation according to the actual amount of work performed in the finished product units and established piece rates per unit of the finished product|
The position salaries are based on the assessment of each position, which differ by the level of responsibility, importance of the functions performed, level of influence on the achievement of strategic goals, required qualification level, etc.
The financial incentives system used in the Obolon Corporation also includes additional compensations (bonuses) for employees working in excess of the established standard, for professional achievement and inventiveness, and for special working conditions. The bonuses depend on fulfilling production assignments and functions and comprise the bonus per se and the quarterly or annual bonus, etc. Moreover, they may include additional incentives for special achievements, inventions or innovations.
A wide package of social benefits is established for the Obolon Corporation employees.
|Social benefit system||Internal communication system||Career growth system||Corporate culture|
|Weight in the incentives system|
An important area of Obolon Corporation's social policy is improving corporate culture and spirit as well as identifying personal achievements of each Obolon employee with the company. A unified corporate culture and persistent traditions ensure meaningful recreation of the employees and improve the social and psychological atmosphere among the personnel.
For over ten years now, Obolon has supported the Mostyshche Specialized Boarding School in Kyiv Region. Today, it has 75 students aged 6 to 16. Most of the children come from socially vulnerable families and have various degrees of mental retardation. For two years in a row, the volunteers from the marketing service of the Kyiv facility conduct workshops with the children, bring the stuff they need, and donate presents and beverages. This initiative improves the quality of students' lives. Besides, it brings together the company's personnel, promotes more active communication, and encourages productive and well-coordinated work.
The employees of all Obolon Corporation facilities support and develop the sports spirit. Every year, the company holds two soccer championships, Factory Cup and President's Cup. Other sports events have also gained popularity over the last year.
The internal communication system at the corporation companies includes monthly meetings of the medium and top managers, corporate press, annual online information, as well as corporate events and personnel opinion study.
Corporate social responsibility and implementation of socially important projects are an important part of the incentives system. Obolon has adhered to the sustainability principles since its establishment. The company invests into art, sports and culture, providing aid to low income people and taking care of orphanages. In the cities where the corporation's facilities are located, the company builds playgrounds, repairs hospitals, and provides equipment to schools.
These projects are of great importance both for our employees and for the local communities. increases significantly people's loyalty and trust in the corporation.