We strive to reward our employees through performance-based compensation programs that foster pay fairness and competitiveness.
Our remuneration strategy aims to attract and retain talented people with the right skills to support the company in meeting its objectives while motivating peopleto improve performance consistent with the company’s values and culture.
Our remuneration strategy fosters alignment of stakeholder’s interests while creating sustainable value over time, by forging a tangible and verifiable link between pay individual and group performance.
Elements of pay
The key pillars of the remuneration package we offer include:
Fixed remuneration: this is the remuneration for the position held, so as to ensure appeal and motivation.
Annual variable pay: incentives linked to company and individual performance, customized depending on role and local market practices and requirements.
Long-term variable pay: management equity-based incentives that vest over a multi-year period, largely dependent on group’s business performance and value created for shareholders.
Benefits: non-cash components meant to ensure a suitable level of total remuneration. Benefits may include: retirement, life and disability, healthcar, company car or transportation allowance and meal subsidy
Benefits are adapted to local contexts, taking into account the characteristics of the specific reference market.