Development of a mechanism for the distribution of financial incentives to the personnel from available free budget for remunerations of the Sofia Municipal Enterprise “Municipal Waste Management Company” (2016)

Considering the budget of the Municipal Enterprise approved by Sofia Municipal Council and identified surplus, Infraproject Consult Ltd has been hired to develop a mechanism for the distribution of financial incentives to the personnel from available free budget for remunerations. The following tasks have been implemented for the development of the mechanism:

• Analysis of the available funds in the Wage Fund and of its structure;
• Analysis of revenue and cost of the Municipal Enterprise;
• Analysis of the budget surplus in the Wage Fund;
• Analysis of the organizational structure of the enterprise;
• Development of a mechanism for the distribution of free funds in the form of financial incentives for the personnel considering the structure of the Wage Fund and the organizational structure of the entity;
• Training of the Financial Department Staff to operate with the financial model of the developed mechanism.

Client: ME “Sofia Municipal Waste Management Company”