Working at the World Bank Group is a dream for millions of professionals dedicated to international development. There are endless reasons for this, such as: the prestige of being part of an organization that is so important for international development; being part of a multicultural, and extremely competent team; developing professionally, with new challenges every day, having an influential job, and helping countries to rise out of poverty. Not to mention the good salary and wide range of benefits.
This article is just a small sample of the information covered by our comprehensive eBook – The World Bank Group Jobs and Careers – which is made up of 11 chapters and was carefully prepared to help you achieve your dream of becoming an international civil servant with the World Bank Group. We also offer a range of packages that combine our eBooks with different services.
WBG Jobs – Products & Services
In order to attract new talent, the World Bank does not only rely on its international prestige, but also a good remuneration policy, compatible with the market. The World Bank salary table is reviewed annually between June and July (start of the fiscal year) and established from an average figure in the local market in the Washington D.C. region. For the GA to GI levels, the salary midpoint is established through the benchmark of salaries of companies in the public and private sectors in the Washington D.C. region. For the GJ and GK classes, the salary adjustment is made according to the Consumer Price Index (CPI) of the Washington, DC-Baltimore region.
In addition to good salaries, World Bank Group Staff Members also receive various benefits to match a compelling career choice, some of which are listed below:
|
Benefits awarded to World Bank Group employees |
|
|
Health, life, accident, and other insurance programs |
Staff and any eligible dependents can select one of three types of dental and health insurance programs. Life and accident insurance and invalidity coverage are offered to all Staff Members at no additional charge. However, there is the possibility of contracting additional life and accident insurance but Staff Members must cover the costs. |
|
Annual leave |
Annual leave or vacations is paid absence from work to relax. WBG Staff Members have the right to a minimum of 120 hours` leave per annum. |
|
Pension plan |
The pension plan covers everyone. Staff Members must contribute to the plan, which is used as a pension following retirement. |
|
Relocation, resettlement, and expatriate benefits |
If the person hired is allocated to a position in another country, s/he has the right to receive relocation and resettlement benefits. This regulation is applied to those selected to work at the headquarters and arriving from other countries. |
|
Paid leave |
New Staff Members receive 26 days` annual leave and up to 15 days sick leave per annum. |
|
Sick leave |
Sick leave may be taken when a Staff Member is incapacitated by sickness or injury, when undergoing examination or treatment for physical (medical, dental, optical) or mental illness, or when, because of exposure to contagious diseases, the presence of the Staff Member at work would jeopardize the health of others. Sick leave accrues daily at the rate of 120 hours per leave year. |
|
Tax allowance |
For Staff Members who are not US citizens, since they are employed by an international organization, they are not liable for tax payments in the country. For American citizens, the WBG awards an additional payment to cover federal, state, and location income tax liabilities on their World Bank Group income. |
|
Financial assistance |
World Bank Group Members have the right to financial assistance, such as: loans for settling-in expenses; loans in connection with leave or external services without pay; emergency loans and education and housing loans. |
Source: World Bank Staff Manual
In pursuit of its mission, OpenIGO has prepared a comprehensive eBook the World Bank Group Jobs and Careers, as well as support and guidance services, with the aim of highly increasing your chances of success in these competitive selection processes. These services include revising your WBG application documents (curriculum vitae/resume and cover letter) and a mock interview, as per the WBG model. We also offer a range of packages that combine our eBooks with different services.
If you like this content and want to have access to more detailed information, go to our online store to purchase the eBook that best suits your professional aspirations! This is an investment you won’t regret!
