Our performance-based compensation model is intended to attract and motivate highly-qualified, achievement-oriented employees in competitive market conditions with a view to forging long-term ties with Siegfried. The model is based on a compensation package that comprises both fixed and performance-based components.
Every employee receives a base salary appropriate to the demands of the job, the employee’s experience and skills, the performance achieved and local market conditions. When it comes to determining the base salary, employees who meet the expected performance level and qualification parameters in full are positioned in the market average (median) of comparable positions in the chemicals industry.
Employees of all levels are entitled to participate in the Short Term Incentive Plan (STIP). The STI is paid in cash (retrospectively at the end of every financial year) and rewards an individual’s performance and contribution to enterprise value.
Siegfried - a company you really can expect more.