Page 69 - Minerva Foods | Annual Report 2017
P. 69

Compensation and benefits
Employees receive a fixed monthly compensation, with an annual readjustment based on percentages established in collective bargaining agreements. The compensation pro- cedure seeks to maintain a competitive internal and exter- nal balance, creating the conditions that allow for attract- ing, incorporating and retaining of qualified professionals. With the evolution of its Human Resources practices, in 2018 Minerva Foods will adopt the policies and practices established by Mercer for compensation, as well as region- alized salary surveys that will support its competitiveness and provide support for compensation practices to attract, incorporate and retain qualified professionals.
The company also offers other additional benefits, an on- site restaurant in the workplace, grocery vouchers, meal vouchers, funeral assistance, transport vouchers and oth- er resources mandated by law and collective bargaining agreements and agreements signed with trade union rep- resentatives, the Company also has agreements with health insurance plans, pharmacies, gas stations, butcher shops, dentists and others that serve workers in the Company's units/municipalities, providing them with discounts and special payment methods. 401-2 | 103-2 | 103-3
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