Company has made several improvements in the management of the remuneration system, including changing the wage scale structure and simplifying wage components in line with changes in the organizational model, namely dual model organization (team-based and structural-based). Apart from that, BRI also provides bonuses to employees as a form of appreciation and increases employee motivation to perform better in the future. In 2023, bonuses will be given in the form of an Appreciation Bonus, which is equal to one salary for all employees, as well as an Annual Bonus using the Bonus Pool concept. The bonus pool concept aims to encourage the implementation of a performance driven culture, namely by ensuring that bonuses are given in line with individual performance achievements and business unit performance, as well as instilling the value of collaboration between individuals in a business unit, bearing in mind that the achievement of business unit performance will have. BRI also provides special Short-Term Incentives for Marketers which are given every Quarter automatically through the system. The program aims to increase the motivation and productivity of marketers to provide the best performance so that they can exceed the business targets set by the company and maintain a competitive level of compensation received by marketers when compared to the market (peers). As an effort to increase the value of BRI shares and increase employees’ sense of ownership, BRI provides long term incentives and short term incentives in the form of share ownership through two programs, namely the Employee Stock Allocation Program (ESA) and the Employee Stock Option Program (ESOP) which have been provided since 2016. Through this program, it is hoped that employees can increase productivity and maintain the implementation of Good Corporate Governance (GCG) so that it has a direct impact on increasing BRI’s share price. Meanwhile, to support official duties, BRI provides official facilities including assistance in financing rental houses, official residences, and rental official vehicles as well as vehicle ownership programs. BRI also provides medical benefits for employees and their family members, which include coverage for outpatient care, maternity, dental care, general medical checkups, eyeglass replacement allowances as well as retiree medical programs that can be used post-retirement. Type of Remuneration The remuneration given to BRI employees is differentiated into several components as follows, namely: 1. Fixed compensation, given to Employee based on position and/or according to the work agreement consisting of Basic Wages and Allowances; 2. Variable compensation, given to employees based on performance achievements; 3. Benefits are facilities provided by the company in order to provide a sense of security and comfort at work, received during their tenure (e.g., health care programs) or after the termination of employment (e.g., pension programs). Benefits also include other facilities commonly provided by similar companies in the banking industry.; 4. Other compensation that is ad hoc in nature is an example of a share ownership program which aims to provide longterm incentives/motivation to employee, create a sense of belonging, and encourage the achievement of company performance targets which are given periodically, namely: a. Employee Stock Allocation (ESA) A stock ownership program in the form of stock allocation. It was given to employees at all levels who met the Company’s criteria (est. 54,000 employees): tenure, individual performance, and employee’s track records in carrying out their responsibilities. b. Employee Stock Option Plan (ESOP) A stock ownership program in the form of share purchase option at a special price. It was given to employees of certain levels who were BRI’s Top Talents and met the Performance and Capacity/Potential criteria. Implementation Remuneration System Increase In Compensation As a commitment to realizing a performance driven culture at BRI, the Company provides cash compensation which is determined based on employee performance so that the compensation received by employees will be directly proportional to the employee’s contribution to the Company. In 2023, BRI gave employee a wage increase determined by the merit increase method. Apart from that, the Company also provided incentives and bonuses to employee to encourage worker productivity in achieving and exceeding targets set by the Company. In 2023, BRI will provide special Short-Term Incentives (IJP) for 16,971 Marketers with a total nominal value of IDR269,734,324,952. Meanwhile, long-term compensation in the form of the Employee Stock Allocation (ESA) share ownership program and the Employee Stock Option Plan (ESOP) share ownership program was last implemented in 2021 PT Bank Rakyat Indonesia (Persero) Tbk. 2023 Annual Report 415 Business Support Functions Overview
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