Egyptair Maintenance and Engineering has contracted Lufthansa Consulting to develop a staff remuneration system, which is later to be rolled out across all other companies within the Egyptair group.
The MRO company wants to introduce a new salary structure for regular pay and benefits as well as a performance-based reward system for bonuses and other incentives.
The scheme is to take into account both best practice and benchmarks in the international MRO industry as well as the "special local conditions in Egypt", the maintenance provider said.
Together with an undisclosed, "internationally renowned" compensation specialist partner, the consultants are reviewing the current pay structure, conducting an internal, job level-based salary survey and looking at remuneration systems at other MRO providers in different regions.
When the new salary system will be introduced is not yet clear, said Lufthansa Consulting. The firm added that the benchmark study has already begun and that results are expected by the end of next month.
Egyptair M&E's chief executive said that, as the employees were the "most important capital", the company was looking to introduce a "fair, modern and attractive salary scheme as well as a programme on talent development and career pathing", because the company's future success depended especially "on motivated, well-trained, experienced and respected personnel".