Erikoiskorotus

Erikoiskorotus is a Finnish term that translates to "special increase" or "special raise." It typically refers to an additional salary increase granted to an employee beyond the regular annual pay raise. These special increases are often performance-based, awarded for exceptional contributions, taking on additional responsibilities, or achieving specific goals.

The criteria for receiving an erikoiskorotus can vary significantly between organizations. Some companies have formal performance review systems that identify employees eligible for such raises, while others may grant them on a more ad-hoc basis at the discretion of management. Factors like exceeding expectations in a role, successfully completing challenging projects, or acquiring new, valuable skills can all be justifications for an erikoiskorotus.

These special raises are distinct from standard cost-of-living adjustments or general wage increases that apply to all employees. They serve as a tool for recognizing and retaining high-performing individuals within a company. The amount of an erikoiskorotus is not standardized and depends on the employer's policies, the employee's performance, and the company's financial situation. In essence, it is a way to provide targeted financial recognition for outstanding work.