3y
Thank you for taking the time to share your thoughts.
I agree, there are great opportunities over the annual performance review and the course of the year for our employees to receive both merit increases, bonuses, and promotions to acknowledge the outstanding efforts of our global team members.
I am sorry to hear you felt promotions depended upon having a good manager. Career development is incredibly important to our organization. I can assure you the leaders in this organization have no incentive to avoid promotions or pay increases. Leaders are encouraged to retain employees and regularly consider promotions and increases for their teams, especially those who perform well. Historically, somewhere between a quarter and a third of our employees experience a promotion or job change each year.
Regarding salary updates, we regularly benchmark against the market to ensure we are competitive, in compliance with all statutory requirements and that we keep up with inflation. As everyone is aware, the inflation in Argentina has been extremely volatile over the last year or so. However, it remains our top priority to ensure our employees continue to have strong purchasing power.
Thank you again for your feedback, we wish you luck in your new role and thank you for your time spent with us.
Virginia Costa - Managing Director, NA Share Services