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2018 Review of Staff Compensation For The WBG and Awards Allocations Public Disclosure 07102018
2018 Review of Staff Compensation For The WBG and Awards Allocations Public Disclosure 07102018
The point in the World Bank Group’s salary ranges which aims to
Midpoint be aligned with the 75th percentile of salaries at comparable levels
in the respective local labor markets.
The set of salary ranges established for various grade levels. At the
Salary Structure or World Bank Group, the salary structure or salary scale has 11
Salary Scale salary ranges from GA to GK. Each grade has a minimum and a
maximum (called salary ranges) and a midpoint.
INTRODUCTION .................................................................................................................................................... 8
ANNEXES
Annex A: July 1, 2018 HQ Salary Structure…………………………………………………………………………………………………………. 12
Annex B: 2018 (FY19) Structure Adjustments – Country and Satellite Offices……………………………………………………… 13
Annex C: Summary of Adjustment Process for Salary Increases – Country and Satellite Offices-Appointed
Staff…................................……………………………………………………………………… ………………………………………….. 16
Annex D: WBG Awards………………………………………………………………………………………………………………………………………… 17
1 Projected by the IMF on a calendar basis as reported in the IMF World Economic Outlook, i.e. a simple average of the two
calendar years spanning the given fiscal year is calculated.
2 Paragraph 42 of the “Review of Compensation Methodology for the World Bank Group – Phase 1: Headquarters – appointed
staff (HRC2018-0004).”
3 Paragraph 68 and Annex VI of the “Review of Compensation Methodology for the World Bank Group – Phase 1: Headquarters
– appointed staff (HRC2018-0004).”
C. SUMMARY OF RECOMMENDATIONS
29. For the 2018 Review of Staff Compensation for the WBG, it is recommended that the
Boards of Directors approve:
(i) the 2018 (FY19) structure adjustment of 1.1% to the salary ranges and midpoints
for HQ-appointed staff;
(ii) the 2018 (FY19) structure adjustments to the salary ranges and midpoints for
Country and Satellite Office-appointed staff as specified in Annex B.
30. For the Awards, it is recommended that the Boards of Directors approve the FY19 budget
allocations of:
(iii) US$3.8 million for the IBRD awards which includes the IBRD portion of the WBG
Awards;
(iv) US$29.1 million for the IFC awards program which includes the IFC portion of the
WBG Awards;
(v) US$300,000 for the MIGA awards program.
_________________________
3 Paragraph 68 and Annex VI of the “Review of Compensation Methodology for the World Bank Group – Phase 1: Headquarters
– appointed staff (HRC2018-0004).”
2. The structure adjustment to salary ranges and midpoints for grades GA to GI is 1.1%.
3. The salary ranges and midpoints for grades GJ and GK are annually adjusted by the U.S.
Consumer Price Index (CPI). For FY19, the IMF projects the rate of U.S. CPI movement at 2.5%.
The HQ compensation methodology4 stipulates that if the Board-approved structure adjustment
for the salary ranges and midpoints for grades GA to GI is lower than the projected U.S. CPI
movement, then the Board-approved structure adjustment is applied. Thus, for FY19, the salary
ranges and midpoints for grades GJ and GK are adjusted by 1.1%.
4 Paragraph 42 of the “Review of Compensation Methodology for the World Bank Group – Phase 1: Headquarters – appointed
staff (HRC2018-0004).”
2. The FY19 individual Country Office structure adjustments are presented by WBG Office
location in alphabetical order. Table 1 also includes information for Satellite Offices (such as
those in Western Europe, Japan and United States - New York City), and Shared Service Office in
Chennai, India.
*Country Office-exceptions from the application of the equal treatment based on the HQ approach.
5Update to HR Committee, Effective Staffing and Enhanced Value Proposition for WBG Staff in FCV Contexts, HRC Meeting on
February 22, 2017. Key Considerations on Country Office Compensation: A Country Office Compensation Working Group
Progress Report and Update to the HRC, March 8, 2017.
6Budget, Performance Review and Strategic Planning VPU, General Services Department and Strategy, Performance and
Administration Department.