Full Time Staff. If the staff member has over 10 years of service, entitlement is 2 days per month up to a maximum of 30 days per calendar year. Our model gets smarter over time as more people share salaries on Glassdoor. The work of the Board of Executive Directors is guided by theRegulationsof the Board of Executive Directors, theCode of Conductof the Board of Executive Directors and theConsolidated Proceduresand Terms of Reference of the Standing Committees. Understands details of policies and procedures and applies to own work. Vision: Covers a portion of the expense for eye exams, frames and lenses, and contact lenses. Minimum Years of Experience: 1 Builds on best practices and generates knowledge in area of expertise. Whats the best way to have a lack of compensation and incentive conversation in your department? With the same visa status being granted to eligible dependent(s) who reside with the Bank employee. Works under the moderate supervision of others. Acts as a technical point of contact for the Unit and its internal and external clients. Title remains the same and a 30% salary increase. Education Benefit: By means of the Education Benefit IDB Group provides financial assistance to TCN staff toward the cost of tuition of their dependent children (between 5 and 25 years old) who pursue studies in an accredited educational institution located in the TCNs post of duty country. Do you have offices around the world? Our Fair Pay score for The Inter American Development Bank is 2. Uses systems and tools to generate data and produce documents/reports. The IDB can request from the U.S. Department of State to provide G(4) status to Bank staff and short-term contract employees who are not citizens or permanent residents of the United States. Education Benefit for Dependent Children: By means of the Education Benefit IDB Group provides financial assistance to expatriate staff toward the cost of tuition of their dependent children (between 5 and 25 years old). Makes recommendations which have a significant impact on business performance, area of expertise and/or development effectiveness, enhancing the effectiveness and efficiency of the IDB. Traditional vs. Broadband Salary Structures. Minimum Education: Master, Leads the design and implementation of activities which require expert knowledge. IDB Bank employees rate the overall compensation and benefits package 2.8/5 stars. Minimum Education: Master, Leads the design and implementation of activities requiring technical knowledge and a strategic understanding of the business area. Supports the development of tools for use in technical area. 4.851%. Note: Please submit your CV in PDF format. a sponsored fitness center at subsidized rates, with equipment and classes. The IDB can request from the U.S. Department of State to provide G(4) status to Bank staff and short-term contract employees who are not citizens or permanent residents of the United States. Salary information comes from 22 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Makes strategic recommendations which have a significant and long-term impact on business performance, area of expertise, and/or development effectiveness, enhancing the effectiveness and efficiency of the IDB. Core requirements: Individuals who provide consulting services normally associated with specifically defined products or expert advice or services. Their average base salary starts at about $150,000 and increases to about $200,000 in equal increments over the years. Coordinates support activities within and beyond own Unit/area of responsibility, and acts as liaison with other IDB Departments. Governors are usually ministers of finance, presidents of central banks or other high-ranking officials. You have successfully saved this page as a bookmark. Minimum Education: Master, Performs activities requiring applied technical knowledge and a general understanding of the business area. Minimum Education: Master, Provides leadership and direction to the Unit. The community relies on everyone sharing. Works under limited supervision of others. This task of the Committees is based on an Annual Work Program. Inter-American Development Bank employees attributed a compensation and benefits rating of 3.8/5 stars to their company. He is responsible for the Banks day-to-day business and manages its operations and administration with the assistance of the staff of the Office of the Presidency. . Conducts routine technical analyses or research in support of Unit and/or operational activities. Up to 6 days of unused annual leave may be paid at the end of a calendar year if the unused balance exceeds 20 days. Both offer similar salary package. What does career mobility and development look like at the IDB? Conducts and/or coordinates moderately complex research analysis. Annual: 2 days per month, up to a maximum of 24 days per calendar year. Leads, manages, mentors and assesses the Units staff and provides feedback and technical guidance to optimize performance. Find jobs. Ensures compliance with IDB fiduciary safeguards, including procurement and financial management. The approximate total salary for Tax Senior is $92,000. Our model gets smarter over time as more people share salaries on Glassdoor. The average Inter-American Development Bank salary ranges from approximately $46,139 per year for a Case Assistant to $255,868 per year for an Investment Officer. Operates the origination, appraisal, financial and non-financial analysis, structuring, risk mitigation, supervision, and development effectiveness monitoring of private sector projects, including the development of knowledge products, which facilitate private sector development. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Salary structures often are expressed as pay grades or job grades that reflect the value of a job in the external market and/or the internal value to an organization. Data source: 2010 Culpepper Salary Range Structure Practices Survey of 360 organizations. Visit PayScale to research Islamic Development Bank salaries, bonuses, reviews, benefits, and more! A well-designed salary structure allows management to reward performance and skills development while controlling overall base salary cost by providing a cap on the range paid for particular jobs or locations. The average Inter-American Development Bank salary ranges from approximately $54,000 per year for Graphic Designer to $152,000 per year for Marketing Analyst. Executes day-to-day administrative and support activities. Executes day-to-day administrative and support activities. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRMs permission. Less than half of companies with fewer than 100 employees use salary range structures. When designed correctly, traditional structures enable the recognition of differing rates of pay for performance and guarantee a reasonable level of control over internal compression and salary expenditures. Source: The community relies on everyone sharing. Spans activities related to the strategic planning and management of financial and non-financial resources to activities related to the coordination, processing and supervision of specific business transactions. At this level, cash bonuses, profit sharing, and . In addition, 19 percent of companies blend market-based and point-factor approaches when designing their salary range structures. Defines innovative approaches and sets IDB agenda for policy and/or strategy changes in business area or field of expertise. Please log in as a SHRM member before saving bookmarks. We announce our vacancies on the IDBs website, and regularly highlight some opportunities on our LinkedIn and Facebook pages. Most companies use a market-pricing approach with current salary survey data for individual jobs, to design and adjust salary range structures (Figure 1). As companies increase in size they are more likely to have salary range structures. Directs and optimizes budgeted resources to meet specific objectives and deliver agreed upon results. Uses standard and specialized systems and tools to generate data and produce documents/reports. on-site regular child care services and offsite emergency child care services. Consultants. To become a nonregional member, a country needs to be a member of the International Monetary Fund. Life, Accident, and Disability Insurance: IDB Group provides you with additional insurance against accidents, disability, and loss of life. Please purchase a SHRM membership before saving bookmarks. Demonstrates thorough understanding of relevant policies and provides guidance to others on their application. Trinidad and Tobago became a member in 1967, to be soon joined by Barbados (1969), Jamaica (1969), Canada (1972), Guyana (1976), The Bahamas (1977) and Suriname (1980). Works independently with minimal oversight. Supports the development, implementation and coordination of communication strategies, materials and events as well as the dissemination of public information. Aligns Divisional plans with broader goals and strategies of the Bank. It is based on eligibility criteria and subject to periodic dependent-status verification. We currently don't have any reviews for this employer. May work as a member of a multidisciplinary team and coordinates work within and beyond own Unit. Medical Program: Full range of medical services, such as doctors visits, preventive care, hospitalization, outpatient care, planned procedures, emergency services, urgent care, and more. May work as a member of a multidisciplinary team and coordinate work within and beyond own Unit. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. The Education Benefit will be paid as a reimbursement at the end of the academic year, upon meeting the requirements set by the IDB Group at the rate of 75% for Basic Education tuition and 50% for Higher Education tuition. Personal: 8 days per calendar year for personal matters and emergencies. Bank Official Languages: At least 2 Supports the appraisal and audit of both corporate and operational activities and provide guidance to Staff and Management to ensure adherence to the IDBs ethics and compliance programs. The G(4) visa is obtained from a U.S. Consulate outside the United States prior to arrival at a point of entry to the U.S., and is issued normally for a period of one to four years, depending on the reciprocity arrangements between the U.S. and the country of citizenship. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.3. I have MBA + 3 year experience in industry. You must be a citizen of one of the IDBs 48 member countriesin order to qualify for any type of employment. Got a consulting offer Sr associate PwC and Manager Stanley Black & Decker . Special: Bereavement leave of up to 5 days after the death of an immediate family member, plus additional days to travel outside your post of duty. IF I AM NOT A U.S. CITIZEN OR U.S. RESIDENT, HOW DO I GET A G(4) VISA TO WORK AT HEADQUARTERS IN WASHINGTON, D.C.? Single vs. Minimum Education: Bachelors Degree, Performs activities requiring applied knowledge of technical discipline. Death Benefit: Upon death while actively employed at IDB Group, the family of the deceased staff member receives a lump sum payment of one month of basic salary on the IDB Group international staff salary scale. } } Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. Works under the regular supervision of others. Appointment Travel: The IDB Group offers services and allowance(s) to assist staff and eligible dependents at time of hire, when the staff member is required to relocate to the new post of duty. Seventy-two percent of surveyed companies reported having formal salary range structures (Table 1). The IDB produces an annual report describing its activities and operations during the previous year. Home Country Travel: This benefit assists expatriate staff to maintain family, social, professional, and cultural ties with their home country. Do you recruit for these offices? Anyone have any insight working at UBS as far as career progression and work-life balance (and if youre in one of the roles, what salary numbers sound fair)? Works under moderate to limited supervision to complete routine tasks. The Republic of Korea became a member country in 2005 and the People's Republic of China became a member country in 2009. Other services designed for you and your family include: Health Services Center: a health unit with occupational and non-occupational service, first aid, and emergency. Builds and maintains internal and external networks to access and expand knowledge. Do you offer parental leave for parents of newborns, or other family-related services? Supports the development of tools for use in technical area. Please use this form to file a complaint related to environmental, social, or corporate governance issues of projects financed or being considered for financing by IDB Invest. Works under moderate supervision to perform routine technical activities. Leads or participates in the strategic planning, design, execution, monitoring and evaluation of investment projects in specific sectors. In accordance with the Access to Information Policy, effective 1 January 2011, the Bank makes public the following records of the Board of Executive Directors: The President of the IDB is the institution's legal representative and chief executive officer. It may also hold extraordinary meetings on key issues. Identifies opportunities to improve tools and methodologies in technical area. They bag bonuses of about 50% of the base on average, but some elite boutique banks award bonuses well over 100%. $("span.current-site").html("SHRM MENA "); Candidates with relatives working at the IDB are not eligible for any type of employment. Additional Retirement Benefits: Retiree Medical and Dental Coverage, and Retiree Life Insurance Program. The President, who is elected by the Board of Governors, chairs the meetings of the Board of Executive Directors but has no vote, except to break a tie. Prepares standard and non-standard documents. Provides economic research and analysis on key sector/country-specific economic issues in support of IDB lending and technical assistance programs and projects. Performs varied support activities and coordinates support activities for Unit/area of responsibility. Effectively uses IDB tools and methodologies. Develops proficiency in using IDB tools and methodologies to perform assigned tasks. Frequency Salary Range Structures Are Reviewed. May provide supervision to others. Secondary= High SchoolAssociates= Technical Degree,Vocational DegreeBachelors= Undergraduate Degree, University Degree, BSc, BAMasters= Graduate Degree, MA, MBA, MFA, MSc, MEngDoctorate= Doctoral Degree, PhD. What your skills are worth in the job market is constantly changing. * Top 10 Related Jobs and Salaries Click a salary below to compare with inter american development bank idb salaries. Bank Official Languages: At least 2 Traditional salary structures are organized with numerous layers and range structures (or pay grades) with a relatively small distance between each range. The formula is a percentage of the participants highest 5 consecutive years average remuneration for every year of service. Company reviews. On Fishbowl, you can share insights and advice anonymously with Inter-American Development Bank employees and get real answers from people on the inside. Assumes responsibility for the delivery of high quality products and/or services on schedule and budget. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. As a consultant this is a great place to work but only for a maximum of three . Percent of Companies with Formal Salary Range Structures. Table 1. Table 3. Commercial Customer Service Representative. Each member country's voting power is based on its subscription to the institution's Ordinary Capital (OC) resources. These opportunities, combined with individual learning and leadership development programs, allow our staff to grow their careers while honing the relevant skillsets needed to meet the IDBs goals. The IDB prioritizes social inclusion and equality; productivity and innovation; and regional economic integration in its development work across Latin America and the Caribbean. Staff can retire at 35 years of work or 65 years of age whatever comes first. Core requirements: The IDB Groups insurance programs provide staff, retirees, and their dependents access to medical, dental, life insurance and related services. Provides input to annual budgeting and planning activities. Works independently with limited oversight. Over the next several decades, the Bank expanded its membership, initially through the Western Hemisphere. May provide supervision to others. Use our tool to get a personalized report on your market worth. Provides clerical, office and/or general service support. in order to qualify for any type of employment. Payment may include a subsistence allowance for room & board, tuition reimbursement and any payment of subsistence (If applicable) will be paid up to reimbursement cap established for the academic year. Do you provide relocation assistance and onboarding support? Our model gets smarter over time as more people share salaries on Glassdoor.