Overall Rating	Gold
Overall Score	67.09
Liaison	Mercè Jorba
Submission Date	Feb. 29, 2024

STARS v2.2

IESE Business School - Barcelona
PA-12: Employee Compensation

Status	Score	Responsible Party
	1.80 / 3.00

"---" indicates that no data was submitted for this field

Part 1. Living wage for employees

The local living wage (based on a family of four and expressed as an hourly wage):

9.63 US/Canadian $

Percentage of employees that receive a living wage (benefits excluded):

93.20

Part 2. Living wage for employees of contractors

Does the institution have significant contractors with employees that work on-site as part of regular and ongoing campus operations?:

Yes

A list or brief description of significant on-site contractors:

• VEOLIA SERVEIS CATALUYA S.A.U.
• SERVEO SERVICIOS S.A.U
• ISS FACILITY SERVICES, S.A.
• EDIFICIOS y LOCALES S.A.
• PROSEGUR SOLUCIONES INTEGRALES DE SEGURIDAD ESPAÑA, S.L.
• DOMINION INDUSTRY & INFRASTRUCTURES,
• SERVEO SERVICIOS S.A.U.
• LA CYCA PROJECTS AND SERVICES, S.L.
• XEROX ESPAÑA, S.A.U.
• EUREST CATALUNYA, S.L.
• EUREST COLECTIVIDADES, S.L

Percentage of employees of on-site contractors known to receive a living wage or be covered by collective bargaining agreements (i.e., union contracts):

100

Part 3. Minimum total compensation for employees

Total compensation provided to the institution’s lowest paid regular, part-time or full-time employee or pay grade meets or exceeds what percentage of the living wage?:

100 percent

A brief description of the minimum total compensation provided to the institution’s lowest paid employee or pay grade:

One of the IESE's professional groups are the Reseach Assistants: graduate students who collaborate with our Faculty supporting them on special research projects focusing on quantitative data and conduct academic analysis. They are contracted for two years and earn 19.800€ per year. However, taking into account other benefits (accident insurance; food bonus) the salary is 21.264,00 €.
As the Local Living Wage is 20.024,00 €:
21.264,00 € / 20.024,00 € = 106%

Optional Fields

Has the institution made a formal commitment to pay a living wage?:

Yes

A copy or brief description of the institution’s written policy stating its commitment to a living wage:

There is a Collective Agreement (a written agreement between an employer and a union that regulates the working conditions of the Spanish universities employees and staff) who stablish the minimum salary that has to be paid to each category. And one of the IESE's policies is to pay higher salaries than the stablished in the Collective Agreement, even if they are Staff or Faculty.

Website URL where information about employee compensation is available:

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Additional documentation to support the submission:

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Data source(s) and notes about the submission:

Exchange Rate (31/08/2022): 1 EURO= 1 USD. Source: https://www.boe.es/boe/dias/2022/09/01/pdfs/BOE-A-2022-14395.pdf

Local Living Wage= 20.024 (euros)
The local living wage (based on a family of four and expressed as an hourly wage) =

20.024€ /(40 hours x 52 weeks) = 9.63 €/hour.