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: Provides technical guidance to more junior staff. The G(4) visa is obtained from a U.S. Consulate outside the United States prior to arrival at a point of . Builds on best practices and generates knowledge in area of expertise. $('.container-footer').first().hide(); Works under limited supervision of others. Members may download one copy of our sample forms and templates for your personal use within your organization. Inter-American Development Bank Salaries - CareerBliss The Board of Executive Directors usually meets once a week and, among other duties, is responsible for approving loan and guarantee proposals,policies, country strategies, the administrative budget, setting interest rates, and making decisions on borrowings and other financial matters. Minimum Years of Experience: 10 If the staff member has over 10 years of service, entitlement is 2 days per month up to a maximum of 30 days per calendar year. Generates knowledge in area of expertise that is recognized as standard setting for the industry/region. Learn how SHRM Certification can accelerate your career growth by earning a SHRM-CP or SHRM-SCP. 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. Additional Retirement Benefits: Retiree Medical and Dental Coverage, and Retiree Life Insurance Program. Prescription Drug Program: Outside the U.S. and Puerto Rico, all prescriptions are retail and require a co-pay for a supply regardless of the pharmacy you choose. Minimum Years of Experience: 1 Participants are required to contribute to the Plan. 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. With the same visa status being granted to eligible dependent(s) who reside with the Bank employee. The highest-paying job at Inter-American Development Bank is an Investment Officer with a salary of $255,868 per year. We noticed that your web browser is outdated! Annual: 2 days per month, up to a maximum of 24 days per calendar year. Supports the development of tools for use in technical area. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Consultant salaries - 264 salaries reported, Research Fellow salaries - 49 salaries reported, Project Assistant salaries - 18 salaries reported, Senior Consultant salaries - 15 salaries reported, IT Consultant salaries - 15 salaries reported, Specialist salaries - 14 salaries reported, Communications Consultant salaries - 14 salaries reported, Economic Consultant salaries - 9 salaries reported, Internship salaries - 8 salaries reported, Investment Officer salaries - 7 salaries reported, Climate Change Consultant salaries - 7 salaries reported, Operations Consultant salaries - 7 salaries reported, Research Assistant salaries - 7 salaries reported, Lead Specialist salaries - 7 salaries reported, Knowledge Manager salaries - 6 salaries reported, Communications Specialist salaries - 6 salaries reported. Some highlights of the policy are below: Staff can be designated Primary or Secondary Caregivers. The IDB was founded in 1959 as a partnership between 19 Latin American countries and the United States. Manages critical relationships with internal and external clients/stakeholders to secure support for significant business initiatives. Conducts and/or coordinates moderately complex research analysis. 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). $(document).ready(function () { U.S. citizen staff members are subject to U.S. taxes on their IDB Group compensation wherever they reside with a limited exclusion from taxable income available to those who work and reside abroad. PRODUCTS AND EXTERNAL SERVICES CONSULTANT (PEC) Each fulltime staff position has a specific title (Analyst, Specialist), while short-term contracts are shown with titles of Consultant. 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. 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. Our parental leave policy is generous and gender-neutral to give employees special time with their newest family member. FG Gives Breakdown of Salary and Allowances Payments for Ad Hoc Staff 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. Medical Program: Full range of medical services, such as doctors visits, preventive care, hospitalization, outpatient care, planned procedures, emergency services, urgent care, and more. U.S. citizen staff members who receive net of tax compensation, therefore, also receive a quarterly tax reimbursement from the IDB Group. Reports on Section/Area performance against plans and progress on specific objectives. Conducts and/or coordinates complex research and analysis. The Board of Governors holds anannual meetingin March or April of each year to review the Bank's operations and make major policy decisions. To the extent of any inconsistency, IDB Group's staff rules, regulations and related procedures shall prevail. Products and External Services Consultant (PEC). 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. Career Paths | Jobs at IDB - Inter-American Development Bank Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3.3. a sponsored fitness center at subsidized rates, with equipment and classes. Grade 2 includes HR Generalist and Recruiter and midpoint is $45,000 (average salary of these two positions.) Institution vest the first 8 years of pension plan, and provide annual reports with updates to all staff members. Consultants have 20 business days of paid parental leave and have the option to take 60 additional days of leave without pay. They bag bonuses of about 50% of the base on average, but some elite boutique banks award bonuses well over 100%. 72 percent of surveyed North American companies reported having formal base salary range structures. Advises or provides input to resolve highly complex technical problems in business area or field of expertise. Minimum Education: Master, Performs activities requiring applied technical knowledge and a general understanding of the business area. 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. 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.? Minimum Years of Experience: 2 Thanks! Contributes to the development of new or revised tools, methodologies, and procedures. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Do you recruit for these offices? Coaches and mentors junior staff to build technical expertise. market pricing using external market data and Minimum Years of Experience: 5 With over 12 career paths, find a path that fits your skills and goals. It is highly recommended to file one request per issue / project at a time. Candidates with relatives working at the IDB are not eligible for any type of employment. Ensures alignment of work program with Divisional and Departmental goals. Identifies potential internal/external client needs, develops programs and promotes IDB activities that meet client requirements. Minimum Years of Experience: 6 Single vs. Please log in as a SHRM member before saving bookmarks. Ensures that workplace practices and behaviors comply with IDBs policies related to ethics and respect in the workplace. Contributes to the development of innovative approaches, policy and/or strategy changes in business area or field of expertise. Through your job evaluation process, you may decide there are three grades: Grade 1 includes HR Assistant and midpoint is $30,000. Bank Official Languages: At least 2 All applications are submitted through our online application system . Third Country National (TCN) Staff is a category of employment specifically reserved for positions created for IDB Invest hubs. Annual: 2 days per month, up to a maximum of 24 days per calendar year. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college. Less than half of companies with fewer than 100 employees use salary range structures. Makes technical recommendations which have an impact on business performance, area of expertise and/or development effectiveness. 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). Other services designed for you and your family include: Health Services Center: a health unit with occupational and non-occupational service, first aid, and emergency. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. ADB International Staff Salary Structure Author: Asian Development Bank Subject: ADB international staff salary structure effective 1 January 2023. in order to qualify for any type of employment. Broadband salary structures are more flexible and consolidate pay grades into fewer structures with wider salary ranges. Dependency Allowance: IDB Groups dependency allowance is a payment on behalf of officially recognized dependents. Annual reports also include financial statements and a review of institutional aspects of the Bank. Career development and mobility are important and happen through a variety of ways including developmental work-assignments, lateral transfers, and annual performance review. The lowest-paying job at Inter-American Development Bank is a Case Assistant with a salary of $46,139 per year. Bank Official Languages: At least 2 Operates and maintains vehicles and/or basic office equipment. Aligns Divisional plans with broader goals and strategies of the Bank. Provides input to annual budgeting and planning activities. This leave includes employees who are adopting or going through a surrogacy process. As a consultant this is a great place to work but only for a maximum of three . A member of the Inter-American Development Bank Group, BYLAWS OF THE INTER-AMERICAN INVESTMENT CORPORATION, REGULATIONS FOR THE ELECTION OF EXECUTIVE DIRECTORS OF THE INTER-AMERICAN, REGULATIONS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF EXECUTIVE DIRECTORS OF THE INTER-AMERICAN INVESTMENT CORPORATION, REGULATIONS OF THE BOARD OF GOVERNORS OF THE IIC, ENVIRONMENTAL AND SOCIAL SUSTAINABILITY POLICY (2020), ENVIRONMENTAL AND SOCIAL SUSTAINABILITY POLICY (2013), 2017-2023 Inter-American Investment Corporation, Does your grievance relate to an IDB Invest project involve in one or more of the following? Recuperative: Up to 3 days per occasion for rest following periods of intense or prolonged work. May participate in the implementation of special projects and initiatives of high complexity. How much do Inter-American Development Bank employees make? Their average base salary starts at about $150,000 and increases to about $200,000 in equal increments over the years. Works independently with minimal oversight. Anyone have any insight working at UBS as far as career progression and work-life balance (and if youre in one of the roles, what salary numbers sound fair)? Leads projects and programs of considerable scope and impact. Identifies potential client needs, develops strategies and promotes IDB activities that meet client requirements. 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. We announce our vacancies on the IDBs website, and regularly highlight some opportunities on our LinkedIn and Facebook pages.