Using a broadband salary structure, one role at the company may have a salary range of $45,000 to $80,000, with the following pay grades: var currentLocation = getCookie("SHRM_Core_CurrentUser_LocationID"); IDB Groups contributions to the Staff Retirement Plan are reviewed and determined annually based on actuarial funding assessments by independent external actuaries. Secondary= High SchoolAssociates= Technical Degree,Vocational DegreeBachelors= Undergraduate Degree, University Degree, BSc, BAMasters= Graduate Degree, MA, MBA, MFA, MSc, MEngDoctorate= Doctoral Degree, PhD. The approximate total salary for Tax Senior is $92,000. The IDB is the only multilateral financial institution with offices in all 26 countries in Latin America and the Caribbean. Minimum Education: Master, Considered expert in technical or relevant area and is recognized as such across the IDB and externally. Looking for advise on company culture at both companies. Do you provide relocation assistance and onboarding support? Core requirements: The average Inter-American Development Bank salary ranges from approximately $46,139 per year for, The highest-paying job at Inter-American Development Bank is, The lowest-paying job at Inter-American Development Bank is, Inter-American Development Bank employees attributed a compensation and benefits rating of 3.8/5 stars to their company. The IDB was founded in 1959 as a partnership between 19 Latin American countries and the United States. I have MBA + 3 year experience in industry. A member of the Inter-American Development Bank Group. Belize became a member in 1992 and Croatia and Slovenia joined as successor states of Yugoslavia in 1993. We also hire professionals on a fee basis for specific tasks and projects, under the following terms: We have offices in 29 countries around the world. Culpepper and Associates conducts worldwide salary surveys and provides benchmark data for compensation and employee benefits programs. Aligns Divisional plans with broader goals and strategies of the Bank. The average Inter-American Development Bank hourly pay ranges from approximately $24 per hour for an Intern to $51 per hour for a Consultor. Participants are required to contribute to the Plan. A company's chosen model usually depends on size, compensation philosophy, business objectives, and how competitive the . Ensures that workplace practices and behaviors comply with IDBs policies related to ethics and respect in the workplace. Find jobs. 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. Keywords: adb staff, salary structure, international staff, salary, professionals, adb compensation, adb remuneration, adb pay grade, staff positions, job levels, IS, professional staff Created Date Read reviews from current employees that include compensation and culture insights. The G(4) visa is obtained from a U.S. Consulate outside the United States prior to arrival at a point of . Minimum Years of Experience: 5 Sick: Up to 132 days per medical condition. 2021 Annual Report 2020 Annual Report 2019 Annual Report 2018 Annual Report 2017 Annual Report 2016 Annual Report 2015 Annual Report Demonstrates mastery in the use of standard and non-standard systems and tools and advises others on their effective use. Survey dates: August 26 through October 25, 2010. Do you offer parental leave for parents of newborns, or other family-related services? Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Products and External Services Consultant (PEC). May provide supervision to others. The G(4) visa is based upon employment with a specific international organization and, as such, limits employment in the U.S. to employment with the IDB. point factor focusing on internal pay equity. IDB Bank employees rate the overall compensation and benefits package 2.8/5 stars. Coordinates support activities within and beyond own Unit/area of responsibility, and acts as liaison with other IDB Departments. It is based on eligibility criteria and subject to periodic dependent-status verification. 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% of for Higher Education tuition. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Consultant salaries - 268 salaries reported, Research Fellow salaries - 49 salaries reported, Project Assistant salaries - 19 salaries reported, IT Consultant salaries - 16 salaries reported, Senior Consultant salaries - 15 salaries reported, Communications Consultant salaries - 15 salaries reported, Specialist salaries - 14 salaries reported, Economic Consultant salaries - 9 salaries reported, Internship salaries - 8 salaries reported, Project Manager salaries - 7 salaries reported, Climate Change Consultant salaries - 7 salaries reported, Communications Specialist salaries - 7 salaries reported, Lead Specialist salaries - 7 salaries reported, Investment Officer salaries - 7 salaries reported, Operations Consultant salaries - 7 salaries reported, Research Assistant salaries - 7 salaries reported. Minimum Years of Experience: 1 Develops and implements work procedures for Unit/are of responsibility in alignment with IDB policies and practices. Understands details of policies and procedures and applies to own work. Only 3 percent of companies rely solely on the point-factor method, which assigns a point value to specific jobs within a company. Salary structures are an important component of effective compensation programs and help ensure that pay levels for groups of jobs are competitive externally and equitable internally. What are the terms of the full-time or contract/consultant positions you offer? Repatriation Travel: For eligible staff members, the IDB Group offers a set of services and an allowance to assist with relocation from the staff members last post of duty to her/his point of origin (or place of hire, if applicable). on-site regular child care services and offsite emergency child care services. Bank Official Languages: At least 2 Bank Official Languages: At least 2 The Board of Governors holds anannual meetingin March or April of each year to review the Bank's operations and make major policy decisions. Need help with a specific HR issue like coronavirus or FLSA? From our most recent TCM Executive and Senior Management survey results, we see range midpoints reported only 33% of the time when the base salary median is above $400,000. Minimum Years of Experience: 6 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. Effectively uses IDB tools and methodologies. 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. Independence Blue Cross Family of Companies. Works under regular supervision to perform more complex tasks. Directs and optimizes budgeted resources to meet specific objectives and deliver agreed upon results. All fourteen Chairs of the Board of Executive Directors are members of each of the Standing Committees. Leads projects and programs of considerable scope and impact. Minimum Education: Master, Performs activities requiring advanced technical knowledge and an advanced understanding of the business area. Works independently, even on complex tasks. Builds and maintains internal and external networks to access and expand knowledge. 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. Gain the intel you need now to successfully anticipate and navigate employment laws, stay compliant and mitigate legal risks. Today the IDB is owned by 48 member states, of which 26 are borrowing members in Latin America and the Caribbean. May act as project manager. Leads the development of new or revised tools, methodologies, procedures and policies. Core requirements: Nonexecutives include directors, managers, professionals and hourly nonexempt employees. Works independently with minimal oversight. Uses standard and specialized systems and tools to generate data and produce documents/reports. U.S. citizen staff members who receive net of tax compensation, therefore, also receive a quarterly tax reimbursement from the IDB Group. Less than half of companies with fewer than 100 employees use salary range structures. 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 50% of tuition for staff assigned to headquarters. 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. Works independently with minimal oversight. May work as a member of a multidisciplinary team and coordinate work within and beyond own Unit. salary range structure (or Staff can retire at 35 years of work or 65 years of age whatever comes first. Assumes responsibility for the delivery of high quality products and/or services on schedule and budget. It should be less than 4 pages long and should not For lower paid roles, the prevalence of a range midpoint is just over half (55%) of the companies reporting. This benefit is paid every 2 years of active service and includes a travel allowance and an additional allowance for the staff member and eligible dependents. Ive inquired about pay but its gotten nowhere. The highest-paying job at Inter-American Development Bank is an Investment Officer with a salary of $255,868 per year. Whats the best way to have a lack of compensation and incentive conversation in your department? .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The original member countries were Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela and the United States. Secondary Caregivers 50 business days of leave. Approved Resolutions of theBoard of Governors, Consolidated Proceduresand Terms of Reference, Resolutions adopted by the Board of Executive Directors, Terms of Reference for the Director of OVE, Review of the Ethics, Conduct and Grievance Systems of the Inter-American Development Bank, Report of the Independent Review Panel on Evaluation at the Inter-American Development Bank (2018), Report of the Independent Review Panel on Evaluation at the Inter-American Development Bank, Office of Strategic Planning and Development Effectiveness, Country Department Central America, Haiti, Mexico, Panama and the Dominican Republic, Operations Financial Management and Procurement Services Office, Department of Research and Chief Economist, Climate Change and Sustainable Development Sector, Knowledge, Innovation and Communication Sector, Budget and Administrative Services Department, non-regional or non-Western Hemisphere member countries, Independent Consultation and Investigation Mechanism, Independent Consultation and Investigation Mechanism (MICI), Vice President for Finance and Administration, Chief Financial Officer and General Manager of the Finance Department, Chief Advisor of the Office of the Executive Vice President, Manager, Office of Outreach and Partnerships, Manager, Office of Strategic Planning and Development Effectiveness, General Manager, Country Department Southern Cone, and Country Representative in Chile, General Manager, Country Department Caribbean Group, General Manager, Country Department Central America, Haiti, Mexico, Panama, and the Dominican Republic, and Country Representative in Costa Rica, Chief Economist and General Manager of the Research Department, Manager, Infrastructure and Energy Sector, Manager, Climate Change and Sustainable Development Sector, Manager a.i., Knowledge, Innovation and Communication Sector, General Counsel and General Manager, Legal Department, General Manager a.i., Human Resources Department, Chief Information Officer and General Manager, Department of Information Technology, General Manager, Budget and Administrative Services Department, * Member of the Inter-American Investment Corporation, ^ Member of the Multilateral Investment Fund, Standing Committees of the Board and Donors Committee of the Multilateral Investment Fund, Documents commissioned by the Board of Executive Directors. Frequency Salary Range Structures Are Reviewed. Alberto Nadal (Spain) Christina Anna Koelldorfer (Austria) Peter Ellehj (Denmark) 687,703. Executes day-to-day administrative and support activities. You'll first see general background information about the IDB in each job description. Our model gets smarter over time as more people share salaries on Glassdoor. They bag bonuses of about 50% of the base on average, but some elite boutique banks award bonuses well over 100%. Uses standard systems, tools and equipment to perform work. 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. 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. * Top 10 Related Jobs and Salaries Click a salary below to compare with inter american development bank idb salaries. as well as the application of this knowledge to thematic areas and projects. Virtual & Washington, DC | February 26-28, 2023. Supports technical and fiduciary supervision of project execution on the basis of risks, achievement of results and disbursements. Grades might often overlap. Makes technical recommendations which have an impact on business performance, area of expertise and/or development effectiveness. Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. Establishes goals, business direction and expectations for the Unit in alignment with the Departments strategy. Supports strategic budget and human resources planning and performance monitoring. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.3. Provides technical guidance to more junior staff. Conducts and/or coordinates moderately complex research analysis. Advises or provides input to resolve highly complex technical problems in business area or field of expertise. To the extent of any inconsistency, IDB Group's staff rules, regulations and related procedures shall prevail. Provides technical guidance to more junior staff. Learn how SHRM Certification can accelerate your career growth by earning a SHRM-CP or SHRM-SCP. Minimum Years of Experience: 0 Provides legal support and advice on all legal matters related to the IDB as well as support to public and private sector lending operations. SHRM Employment Law & Compliance Conference, Salary Structures: Creating Competitive and Equitable Pay Levels, New OSHA Guidance Clarifies Return-to-Work Expectations, Trump Suspends New H-1B Visas Through 2020, Faking COVID-19 Illness Can Have Serious Consequences, Holiday Employee Gift Giving in a Post-Pandemic World, Employers Get Innovative with Compensation, Average US Pay Increase Projected to Hit 4.6% in 2023. 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. Table 1. Lactation room: facility on-site to accommodate working new mothers. $('.container-footer').first().hide(); The formula is a percentage of the participants highest 5 consecutive years average remuneration for every year of service. Participates in the implementation of special projects and initiatives of high complexity. 2017-2023 Inter-American Investment Corporation. A include a photo. Supervises Section/Area team and provides feedback and guidance to optimize performance and achieve Section/Area goals. salary structure) is a hierarchal group of jobs and salary ranges within an organization. Supports the administration and management of the IDBs treasury and risk affairs, including financial policy development, planning and decision support, and risk management. Primary Caregivers have 100 business days of leave. This summary is for information purposes and does not substitute IDB Groups corresponding staff rules, regulations, and related procedures. Supports the development of tools for use in technical area. Family Planning Benefit: Consists of financial assistance granted by the IDB Group to a staff member for expenses incurred when planning to add a child to his/her immediate family through adoption, surrogacy, or reproductive assistance, regardless of the outcome of such endeavors.