Coordinates support activities within and beyond own Unit/area of responsibility, and acts as liaison with other IDB Departments. At the IDB Group, we understand every family is different. Core requirements: 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. May act as project manager. Their average base salary starts at about $150,000 and increases to about $200,000 in equal increments over the years. Inter-American Development Bank employees attributed a compensation and benefits rating of 3.8/5 stars to their company. Bahamas, Barbados, Guyana, Jamaica and Trinidad and Tobago. 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. I have MBA + 3 year experience in industry. 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. Please enable scripts and reload this page. Bank Official Languages: At least 2 Conducts routine technical analyses or research in support of Unit and/or operational activities. Demonstrates advanced knowledge in the use of standard and non-standard systems and tools and advises others on their effective use. Establishes goals and expectations for Section/Area staff and makes recommendations on resource and budgetary requirements for annual planning purposes. No consulting experience. The Board of Executive Directors is responsible for the conduct of the operations of the Bank and for this purpose may exercise all the powers delegated by the Board of Governors. Generates knowledge, ensuring that best practices and lessons learned are captured and shared with others. We hire for all offices on a regular basis. 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. Today the IDB is owned by 48 member states, of which 26 are borrowing members in Latin America and the Caribbean. 0 12500 25000 37500 50000. Agency structure and purposes of each division; Bank Official Languages: At least 2 Life, Accident, and Disability Insurance: IDB Group provides you with additional insurance against accidents, disability, and loss of life. Works under the limited supervision of others. Core requirements: 55 percent have multiple structures varying by job and/or geographic location. This leave includes employees who are adopting or going through a surrogacy process. I have 4 years in retail banking and am interviewing for a KYC Analyst position and a Risk and Control Analyst position currently. There is a strong correlation between job level and number of salary structures. All applications are submitted through our. Inter-American Development Bank employees rate the overall compensation and benefits package 3.8/5 stars. Consultants have 20 business days of paid parental leave and have the option to take 60 additional days of leave without pay. Dependency Allowance: IDB Groups dependency allowance is a payment on behalf of officially recognized dependents. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. May provide supervision to others. 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). The highest-paying job at Inter-American Development Bank is an Investment Officer with a salary of $255,868 per year. IDB staff are required to sign both the State of Iowa Employee Handbook and this manual within two weeks of beginning employment with IDB. U.S. citizen employees who receive net of tax compensation, therefore, also receive a quarterly tax reimbursement from the IDB Group. Annual: 2 days per month, up to a maximum of 24 days per calendar year. Leads/manages team members in a project management capacity, acting as technical referent/head in projects of strategic input, high complexity, and ample scope. Provides input into the identification, development and implementation of projects, programs, studies or activities. Some companies in very competitive job markets review salary structures for critical jobs semiannually. If requested, IDB Invest will strive to maintain the identity of the Requester confidential. Whats your thought on moving from Morgan Stanley to Nomura? Operates and maintains vehicles and/or basic office equipment. Core requirements: Our model gets smarter over time as more people share salaries on Glassdoor. Inter-American Development Bank employees earn $60,000 annually on average, or $29 per hour, which is 10% lower than the national salary average of $66,000 per year. Try another search query or. A salary structure is a compensation framework that organizes company positions into a series of tiered pay grades or salary ranges. 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. 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. IDB Groups contributions to the Local Retirement Plan are reviewed and determined annually based on actuarial funding assessments by independent external actuaries. Makes technical recommendations which have an impact on business performance, area of expertise and/or development effectiveness. Provides technical guidance to more junior staff. Develops and implements work procedures for Unit/are of responsibility in alignment with IDB policies and practices. Maximum accumulation 20 days. Filling a vacancy may take up to a couple of months or more. Fifty percent of companies with salary range structures have multiple structures varying by job and/or geographic location. 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. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Do you provide relocation assistance and onboarding support? Companies with Salary Range Structures. in order to qualify for any type of employment. Some companies with union employees review salary structures based on the length of multiyear labor contracts and review other nonunion jobs annually. You have successfully saved this page as a bookmark. Updated February 24, 2023 What is the average salary for Inter-American Development Bank employees in the United States? . You can unsubscribe from job alert emails any time. Average Inter-American Development Bank Consultant yearly pay in the United States is approximately $76,766, which meets the national average. Based on the business needs, some positions are reserved for nationals, while some positions are open to international recruits. As companies increase in size they are more likely to have salary range structures. Contract duration is anywhere from one (1) day to a maximum cumulative lifetime total of thirty-six (36) months within the IDB Group, regardless of whether the service comprised a single contract or multiple contracts (including internships). 100 working days for Primary Caregiver or 50 working days for Secondary Caregiver. Frequency of Salary Range Structure Review. Represents Unit/technical area internally and externally. Directs and optimizes budgeted resources to meet specific objectives and deliver agreed upon results. Table 1. Determines work priorities and selects most appropriate methods to carry them out. salary structure) is a hierarchal group of jobs and salary ranges within an organization. Minimum Years of Experience: 10 Bank financing quadrupled (US$75 million to US$417.6 million in approvals) and anticipated net cash flow (US$224.5 million) .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Generates knowledge in area of expertise that is recognized as standard setting for the industry/region. May provide procedural and/or task guidance to more junior staff. Participants are required to contribute to the Plan. 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. 2021 Annual Report 2020 Annual Report 2019 Annual Report 2018 Annual Report 2017 Annual Report 2016 Annual Report 2015 Annual Report May provide supervision to others. IDB INVEST INTERNATIONAL SALARY SCALE 139.7 Kb Organizational Structure IDB INVEST ORGANIZATIONAL STRUCTURE 92.8 Kb Ethics CODE OF ETHICS AND PROFESSIONAL CONDUCT 967.8 Kb Quarterly Budget Executions Business plan & Budget 2022 BUSINESS PLAN UPDATE 1.2 Mb 2022 ADMINISTRATION AND CAPITAL BUDGET 911.3 Kb 2021 BUSINESS PLAN UPDATE 591.4 Kb 2017-2023 Inter-American Investment Corporation. As a consultant this is a great place to work but only for a maximum of three . An Inter-American Development Bank (IDB) analysis of government spending in key areas such as education, health and social security noted that NIB's compensation structure "appears high" given. Coordinates Unit activities to resolve business issues and meet business objectives. Please use this form to request information or documents that you have not been able to find on our website. Focuses on continues improvement and developing capability to do business better. 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. 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. Got a consulting offer Sr associate PwC and Manager Stanley Black & Decker . Additional Health Services: Employee Assistance Program (confidential counseling and referral service to assist you and your family with personal or work-related problems), and Health Services Center. Salaries posted anonymously by Inter-American Development Bank employees. 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. Goods and Services: To compensate staff members who are not citizens, nor residents, of the post of duty country, for the of cost goods and services when such costs exceed those found in Washington, D.C. Housing Subsidy: To assist staff members who are not citizens, nor residents, of the post of duty country, for the higher cost of housing at the post of duty when this cost is higher than the hypothetical average housing cost for staff in Washington D.C. 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. Secondary Caregivers 50 business days of leave. The IDB Group tax reimbursement covers federal income tax, state tax, the employer portion of Social Security tax, the employer and employee portion of Medicare tax (including additional Medicare tax, if applicable). You'll first see general background information about the IDB in each job description. Works across organizational boundaries and/or disciplines to tackle complex technical issues. Provides legal support and advice on all legal matters related to the IDB as well as support to public and private sector lending operations. Minimum Education: Master, Performs activities requiring advanced technical knowledge and an advanced understanding of the business area. Conducts research and analyzes and administers data to independently prepare documents and reports and process transactions. The Local Retirement Plan is a defined benefit pension plan, which establishes a defined formula to determine each participants benefit based on service, compensation, and a benefit accrual factor. Percent of Companies with Formal Salary Range Structures. 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. Identifies opportunities to improve tools and methodologies in technical area. 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. This leave is granted for the birth, adoption, or birth through surrogacy of a child of the staff member during the employment with the IDB Group. salary range is the span between the minimum and maximum base salary an organization will pay for a specific job or group of jobs. On Fishbowl, you can share insights and advice anonymously with Inter-American Development Bank employees and get real answers from people on the inside. Build specialized knowledge and expand your influence by earning a SHRM Specialty Credential. Acts as technical point of contact for the Section/Area and its internal and external clients. Seventy-two percent of surveyed companies reported having formal salary range structures (Table 1). Bank Official Languages: At least 2 It should be less than 4 pages long and should not Title remains the same and a 30% salary increase. Find the latest news and members-only resources that can help employers navigate in an uncertain economy. } EXPLORE OUR MANY CAREER PATHS Over 12 work roles for every career path ACCOUNTING & BUDGET COMMUNICATIONS CORPORATE SERVICES ECONOMICS FIDUCIARY HUMAN RESOURCES INFORMATION TECHNOLOGY LEARNING AND KNOWLEDGE LEGAL OPERATIONS For staff arriving to headquarters from outside the Washington, D.C. metropolitan area, the IDB provides a competitive relocation package that may include air transportation, shipment of household effects and automobile, payment in lieu of shipment, and incorporation allowances such as installation grant, travel grant, and settling-in grant. TheBoard of Executive Directorsis composed of 14 Executive Directors representing 48 member countries and also includes 14 Alternates, who have full power to act when their principals are absent. www.culpepper.com. 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. Works independently, even on complex tasks. The average Inter-American Development Bank hourly pay ranges from approximately $24 per hour for an Intern to $51 per hour for a Consultor. I thought my 5 year was going to finally show something but it did not. Our headquarters are located in the United States, and we also have offices in Europe and Asia. Annual: 2 days per month, up to a maximum of 24 days per calendar year. Additional Retirement Benefits: Retiree Medical and Dental Coverage, and Retiree Life Insurance Program. Over the next several decades, the Bank expanded its membership, initially through the Western Hemisphere. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? It is highly recommended to file one request per issue / project at a time. Governance of the IDB is vested in the Board of Governors, which tops the organizational structure of the Bank.Each member country appoints a Governor, whose voting power is proportional to the capital in the Bank subscribed by his or her country. Most companies with formal base salary range structures review their ranges and structures annually (Table 2). Works under limited supervision of others. Child Care:on-site regular child care services and offsite emergency child care services. Understands and follows relevant policies and procedures. May lead projects of moderate complexity or scope. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.3. 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. Thanks! Prepares standard and non-standard documents. 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.? You must be a citizen of one of the IDBs 48 member countriesin order to qualify for any type of employment. Salary range spreads and midpoint-to-midpoint differentials vary significantly by job level. No consulting experience. TCNs have the same benefits as those National Staff members with some exceptions. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. 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). How much do Inter-American Development Bank employees make? I have MBA + 3 year experience in industry. }); if($('.container-footer').length > 1){ or Portuguese. 93 percent use compensation survey market data when designing salary structures. Contributes to the development of new or revised tools, methodologies, procedures, policies and best practices in area of specialization. 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. The Staff Retirement Plan is a defined benefit pension plan, which establishes a defined formula to determine each participants benefit based on service, compensation, and a benefit accrual factor. Minimum Education: Master, Provides leadership and direction to the Division. The IDB staff comes from the Bank's 48 member countries.Approximately 68 percent of them are citizens of its borrowing member countries in Latin America and the Caribbean, while close to 32 percent are from non-borrowing member countries. 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: