Prysmian Group ensures its employees are well rewarded for their contribution to the success of the company.
There are aspects that, along with a strong ethos of meritocracy, are the key principles that form the basis of Prysmian’s remuneration policy:
Focus on performance: the remuneration of management consists to a significant extent, of remuneration subject to performance conditions, in line with investors’ expectations
Appeal and motivation: the remuneration levels are such to attract and retain the key resources for the organization, as human resources are essential to the achievement of strategic objectives
Sustainability: our incentive systems develop over several years, in line with the Group’s risk profile, because management focus is on increasing the Group’s value in the long-term, in line with stakeholders’ expectations
Transparency and governance: we have a clear governance system and offer a disclosure on remuneration that seeks to be as transparent as possible
Participation: we believe that involving people in the company’s success is the best way by which to motivate them to work better and we do so through the share incentive plans.
The main elements of the remuneration pack we offer are:
FIXED REMUNERATION: is the remuneration for the position held, so as to ensure appeal and motivation.
VARIABLE PAY: incentives always linked to Company’s performance, but customized depending each role and the local rules and legislation
BENEFITS: they supplement the provisions of the social security plan and applicable contracts, to ensure a suitable level of total remuneration
For example they are:
supplementary pension plan;
company car or transportation allowances
meal vouchers or canteen
These benefits are adapted to local contexts, taking into account the characteristics of the reference market and regulations.
At Prysmian, we know that our employees are our greatest resource. We believe that the wealth of expertise they represent should be shared amongst all our offices worldwide.