6
Everybody
wins
In order to make the company
structure more effective
and productive in reaching
its strategic goals, Tekfen
Construction has begun using a
system infrastructure that will
measure personnel performance.
Active since the beginning of
2017, the performance-based
bonus system aims to create a
structure that will benefit both
the company and its personnel.
PERFORMANCE AND BONUS SYSTEM ENGAGED AT TEKFEN CONSTRUCTION
As of 2017, Tekfen Construction has installed a newly de-
signed Performance and Bonus System that will benefit all its
personnel. The system aims to measure personnel performance
objectively and more accurately, as a result of which individual
and team achievements will be rewarded on the basis of a stan-
dard bonus system, and the company itself will be more success-
ful as predetermined goals are met. In effect, this will be a win-
win system.
First steps for the new system had been taken in 2016, fol-
lowing the Employee Satisfaction Survey that clearly demon-
strated the need for such a system. Conducted by Hay Group,
the international management consultancy company, the survey
showed that employee satisfaction at the company was very high
but that the need was felt for a system that would measure em-
ployee performance. These findings led to further collaboration
with Hay Group to develop a system for performance manage-
ment.
The best practices and cases throughout the world were stud-
ied meticulously to develop the new performance and bonus sys-
tem, which was then put into practice at Tekfen Construction
head office, fixed workplaces, and projects recently begun (less
than 50 percent completed). In February, with the participation
of Tekfen Construction’s senior management, presentation and
briefing meetings regarding the system were held at workplaces
and projects that were designated to adopt the system immedi-
ately.
The performance and bonus system will be based on objec-
tive and measurable criteria, leading to benefits for the employ-
ees more equitably; further work on the system is currently being
carried out to improve it and extend its compass in coming years.