Benefits and Compensation
The IIC typically sets appointment salaries for all positions at the minimum for the corresponding pay grade, taking into account the current rates of pay for employees in similar positions within the IIC and on the market.
Salary increases can result from:
- Salary review
- Promotions to higher grades
- Efforts to maintain internal equity
- Salary adjustments
Are non-pensionable, single, lump-sum payments made on a one-time basis.
The following summary of employee benefits is provided for information purposes only.
- Annual Leave
- Sick Leave
- Personal Leave
- Special Leave
- Official Holidays
IIC employees are granted five days of special leave plus a lump-sum benefit of US$1,100 for each 200 days of official travel.
$1,632 per year for dependent spouse; $984 per year for each dependent child; $672 per year for dependent parent.
Financial assistance designed to help expatriate employees defray education costs for eligible dependent children.
Home Country Travel
Designed to help expatriate staff maintain family, social, professional, and cultural ties with their home countries. Pays for the cost of economy-class airfare for the staff member, his or her spouse, and eligible dependents to their home country every two years.
Health - Preferred provider network; includes hospitalization, surgical, medical, laboratory, dental, and prescription coverage.
Disability - long term disability benefits after 6 months of continuous disability.
Life - Basic life insurance: up to 1.5 times the base salary; optional supplemental life insurance (up to 3 times the base salary).
Staff Retirement Plan
Defined benefit program; participation is mandatory; employee contributes 10% of basic salary; vesting after three years of continuous service.
The objective of this benefit is to assist eligible staff members with relocations when, due to the requirements of the Corporation, they must establish residence at a post of duty different from the residence at time of hire or change of assignment.
The objective of this benefit is to assist eligible staff members with relocation or other resettlement plans upon termination of service with the IIC when establishing residence outside their post of duty.