On 01 March 2023, the next meeting of AHK Azerbaijan HR and VET Working Group took place with the participation of more than 30 participants. The meeting was focused on the market compensation strategies in Azerbaijan.

Opening the meeting, Ms Nigar Huseynzade welcomed the participants, briefed them on the planned activities of the working group, and called them to be more active in subsequent discussions. We were joined by the representatives of Willis Towers Watson (WTW), Ms Çağla Soysal and Ms Sabina Dikmen, who specialised in the field of compensation management and total reward strategies.

Following this, the guest speakers delivered their presentation on “Azerbaijan Compensation Market Overview”, representing the key results of the 2022 General Industry Compensation Survey - Azerbaijan. The presentation touched upon a number of issues in the local compensation market, first starting with the general trends in the global landscape and then diving into developing competitive and cost-effective compensation packages, market benchmarking, and attracting and retaining key talent with the right compensation levels.

The meeting continued with active discussions, and the guest speakers answered questions raised by the participants.