DISTINCTIVE
Ensure we have distinctive aspects of our total comp packages in order to attract and retain employees. We offer a competitive base and bonus, and the majority of our employee population are eligible for different allowance programs.
DIFFERENTIATION
Ensure that top performers are rewarded at a level of differentiation corresponding with their impact. Differentiate the employees who “go the extra mile”, the ones who constantly make that extra discretionary effort when working to forward company business. They need to believe that the financial rewards that they receive are worth the extra effort and the company will honor its commitment to differentiating rewards under the Pay for Performance philosophy.
ACCOUNTABILITY FOR RESULTS
Ensure that managers are equipped with tools and guidance and then hold them accountable to assess performance and recommend rewards based on impact while also being accountable to a budget.
MARKET COMPETITION
Ensure that we have guidance, budgets, and pay programs that keep our market competitive. This is driven by local market data and based on company-wide principles.