Annual Review Process
The annual review process is designed to ensure fair and transparent salary and career progression by recognizing individual performance and impact. It follows a multi-stage approach to bring together multiple perspectives to support objective and balanced outcomes. Each review begins with collecting a self-assessment, multiple peer feedbacks and an initial evaluation from the direct manager. These insights are combined and then reviewed and calibrated in a panel to maintain consistency and fairness across teams and departments. This structured and collaborative process helps us make thoughtful decisions about growth, development and compensation.
Multi-dimensional Fairness
We believe fairness has many dimensions. To ensure fair and balanced decisions, we follow the four-eyes principle — several reviewers assess calibration results and decide on salary increases within the allocated budget. Our review process is transparent, and everyone has the opportunity to raise concerns or challenge their rating.
Data-Driven Benchmarking
We analyze employee salaries against market data using a reliable tool that collects real-time salary data from European companies. This data is filtered for relevant industry sectors, company stages, locations, and functions to ensure our salary bands are competitive and compensation decisions are well-informed.
Salary Calculation
Following panel calibration, each employee is placed into one of five performance categories: Far Below Expectations, Below Expectations, Achieved Expectations, Exceeds Expectations, or Far Exceeds Expectations. New salaries are calculated based on predefined percentage ranges linked to these categories, with additional adjustments for promotions. Even employees who meet expectations receive a salary increase, something that sets us apart from many companies in the market. We also consider each employee’s position within their salary band and make adjustments if needed to ensure fair and competitive placement.
Recognition Beyond Salary
For top talents, we’re evolving our approach to recognition beyond base salary. Certain roles—especially in Sales and Business—include performance-based bonuses, while employees who consistently deliver exceptional results may also receive long-term incentives such as VSOPs. This ensures that outstanding individual impact and seniority are rewarded in a way that truly reflects their contribution to Holidu’s success.
Overall, our approach to annual reviews and salary benchmarking is built on principles of transparency, thoroughness, and data-driven decision-making, all with the goal of fostering a fair and equitable environment for all employees.
