Compensation & Benefits

Performance is rewarded

Andrea Lenzen
Director Global HR, Compensation & Benefits

"The employee’s pursuit of performance, responsibility and satisfaction are prerequisites in being able to run a successful company.

The introduction of the Short-Term Incentive System (STI) has enabled us to link a uniform global objective agreement system with a variable remuneration component, and thus to provide special rewards for exceptional performance – on a worldwide basis according to uniform standards. This bonus system is intended to form an even stronger bond between an employee’s individual performance and entrepreneurial value creation, thus motivating the employee to contribute to the company’s success."