Compensation - Rewarding performanceNORMA Group wishes to attract and keep qualified, committed employees. It therefore attaches special importance to just compensation and profit-sharing, as well as fair treatment of temporary workers.
Using variable compensation systems, NORMA Group aims to promote its employees’ stake in the company’s success and further growth. We use regular benchmarks to ensure that our staff receive wages and salaries that are in tune with the market, performance-related, in keeping with their responsibility and gender-neutral. Furthermore we ensure throughout the group that all compensation and social benefits at least meet local legal norms and standards.
Reward and motivateA central element of our compensation system is profit-sharing. Our business success is largely dependent on our employees’ commitment and motivation. We therefore consider it logical for them to receive a share of company profits. This sharing shows acknowledgement and appreciation of our employees’ performance and it is also an incentive toward further improvement in business results.
In 2012 we harmonized our profit-sharing system throughout the group. We now use profit before interest, taxes, depreciation and amortization (EBITDA) and operating net cash flow to calculate profit-share, as from the 2013 fiscal year. In various regions we have also introduced other bonus and incentive schemes for rewarding performance.