Training & Development
Completed in 2020.
The platform also supports the annual development plan process for salaried employees by outlining and tracking progress toward their annual performance objectives and metrics that drive individual learning, performance and career planning. Accountability against performance objectives, alongside coaching and feedback from managers on at least a quarterly basis, empowers employees to take ownership and actively participate in their career plans.
Annually, management evaluates employee performance against their objectives. The results of these assessments determine a salaried employee’s incentive compensation through our pay-for-performance model, which recognizes higher levels of performance with higher variable compensation awards.
Rewarding & Recognizing Our Employees
Our compensation program helps us attract, retain and motivate world-class talent. Depending on level, total compensation can include different elements – base pay, annual cash incentives, long-term stock and cash incentives, and benefits. Our goal is to provide total target compensation packages between the 50th and 75th percentile of our peer companies, meaning our compensation is targeted to be better than a significant portion of companies we compete with for employees.
Our peer-to-peer recognition system, Snap, continues to serve as a tool to shine a spotlight on outstanding performance and everyday excellence. Snap enables employees across our companies to recognize each other for embodying Our Cultural Aspiration in how we show up for each other - and to our external partners and stakeholders. In 2020, employees gave or received a total of 118,328 peer-to-peer recognitions on Snap.