TGS Baltic provided highly professional and valuable legal support in implementing a complex and multi-layered employees’ remuneration system. The structure included various components, including a variable pay element allocated in multiple periods and paid out after a deferral period, subject to the achievement of specific targets.
This type of remuneration system is particularly challenging from a legal and practical standpoint, as it requires careful alignment with the provisions of the Labour Code of Lithuania and the latest case law. TGS Baltic’s team thoroughly assessed the legal risks, offered clear and compliant solutions, and ensured a smooth implementation process.
As a result of this successful cooperation, the client has effectively introduced and applied the system to its employees. This not only enhances motivation but also contributes to long-term employee loyalty and operational efficiency.
AB Artea bankas (till 4 May 2025 was Šiaulių Bankas) is one of the largest and oldest commercial banks in Lithuania. It stands out for its strong focus on customer service and innovative financial solutions. The bank employs approximately 1,200 people.
The client was advised by dr. Ieva Povilaitienė and Indrė Mažeikaitė.
