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Total direct compensation includes base salary, the Motorola Incentive Plan (MIP, or SIP if you’re on a sales incentive plan) and stock options. This compensation, in addition to benefits, is competitive when we compare our programs with the prevailing practices for our industry in the countries in which we operate. Additionally, because we have a pay for performance philosophy, our programs allow for above average total compensation when our performance and business results justify.
Our rewards strategy balances business, stockholder and employee needs by:
• Paying for performance, both individual and business – sharing profitability and growth
• Providing competitive, market-based salaries – to ensure we retain and reward qualified employees
• And by taking a comprehensive rewards approach – by looking at all rewards components
Motorola continually checks our total direct compensation package against key competitors so we can offer rewards that are in line with market conditions and continue to attract and retain qualified employees worldwide.
We continuously assess our salaries against other market leaders – making sure we pay competitive salaries to our employees.
Motorola rewards employees for their contributions to strong business performance. Cash award payment is based on whether employees and the company achieved performance and financial goals over a predefined period.
Equity awards may be included in an employee’s total rewards package as a way to encourage high performance. Because these awards increase in value as Motorola’s stock price increases, they help align employees’ focus with our shareholder interests.
Intellectual Property awards recognize and reward technological innovation in support of business objectives.
These formal and informal awards provide immediate and unanticipated recognition for doing more than is normally expected.
In addition to the above, Motorola provides a range of country specific benefits. Information about these can be obtained during the interview and selection process.
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