FESCO analyzes wage in Azerbaijani banks

Baku, Azerbaijan, Jan. 30 / Trend /

Medical insurance, mobile communications with average monthly limit of 40 manats and privileges for loan under rate of 17 percent is the mostly spread privileges for employees of Azerbaijanis banks, according to Azerbaijani company FESCO, which analyzed market news about salaries and compensations for the banking sector in 2009.

According to FESCO researches, held particularly with support of UniBank, Pasha Bank, Rabitabank, AFB Bank, Parabank, in an average 80 percent of banks holds regular reconsideration of wages, of them half index salaries based on inflation ratio.

"The overwhelming majority [banks] while reconsidering not only the individual results of employees, whilst the change of medium market salaries," according to FESCO, offering a range of services engaged in human resources.

FESCO Director Ilyas Efendi believes a growth tendency of private sector of the national economy dictates the necessity for consolidating all tools of management, including human resources management occupies the integral part.