Bank promotions can be canceled. Here is that formula

Bank promotions can be canceled. Here is that formula

While retirement promotions fueled the race between public and private banks, the amount to be paid rose to 10 thousand liras. On the other hand, the promotional payment of 41 thousand 500 liras for Anadolu University employees, who carried out 41 salary transfers, also mobilized other institutions.

BALANCES CHANGED AFTER JULY HIGHER

According to the news of Sabah, after the July increase in the salaries of public employees, banks started to earn more than the wages invested. On top of that, the expectation for an increase in promotional payments increased. Upon these developments, promotion commissions in public institutions started negotiations with banks.
According to the Promotion Circular No. 2007/21; The bank promotion is determined by a three-person commission. This commission consists of the authorized union representative and the representative of the institution under the chairmanship of the spending officer.

This commission allows you to get promotions by negotiating with the banks. The entire promotion will be distributed to the staff. The promotional payment must cover a period of at least 2 to 5 years.

THE MONEY RECEIVED CAN EXPAND 10 TIMES

Commissions are negotiating with banks to cancel contracts that have not expired yet. At this point, unexpired contracts will be canceled and the compensation clause will be operated and the low promotion will be updated again. Here, the compensation clause in the promotion, which reads, “If the contract is terminated in the first year, all those who terminate in the second and third years will refund 50 percent of the promotion amount paid” will be activated.

Accordingly, in 2019, an institution that receives 3000 TL per staff for 3 years will enter into force the compensation clause in the contract. Thus, 1,500 TL will be returned for each personnel, and a new contract will be signed, for example, from 30 thousand TL.

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