For the second consecutive year, Zubak Grupa rewarded its employees for the business results in 2022 by distributing nearly a quarter of the achieved profits through a bonus system.
The bonus system takes into account financial criteria, as well as criteria related to internal processes and employee engagement or satisfaction as some of the most important strategic goals of the company.
Zubak Grupa and its affiliated companies in all 7 countries achieved a revenue growth of 16 percent in 2022, but the profit before tax is down by 11 percent compared to the previous year due to a significant increase in costs, primarily investments in hiring an additional 60 employees, wage increases, as well as a significant rise in energy costs and other operational expenses.
Based on these results, yesterday, March 27, 2023, employees were paid just over 540 thousand euros in bonuses, which constitutes nearly a quarter of the profit from regular operations.
All employees who were employed for the entire past year received a minimum amount of 315.10 euros net per employee, while others received a proportional amount based on the number of months they worked. The management, which today consists of 110 managers, directors, and members of the Management Board, received larger amounts, up to several monthly salaries, all in accordance with the satisfied individual criteria.
