details of the benefits available at Daikin UK

DAIKIN
REWARDS

Contents
1. Reward at Daikin 7. Holidays
2. Base & Variable Pay 8. Pension
3. Performance Related Pay 9. Healthcare
4. Flexible Benefits 10. Cash Back Scheme
5. Lifestyle Benefits 11. Life Assurance
6. Total Reward Statements 12. Child-care Vouchers

Reward at Daikin
Reward at Daikin UK is designed to be fair and transparent, support
our core values and help to deliver the best possible remuneration to
our employees.
It aims to do this by:
• Attracting the best quality individuals to achieve the company’s
objectives.
• Being competitive within the external market.
• Encouraging the retention and productivity of talented staff.
• Driving equitable and consistent remuneration (both with the
market and internally)
By continuously striving to offer the best possible Reward we aim to
keep Daikin as an employer of choice and the place to work.

Base & Variable Pay
In additional to our employees base pay (basic salary) which is determined via
our employees individual performance, Daikin offer its employees several
variable pay schemes.
The variable schemes within Daikin are:
Support Staff – our supporting staff will be included in our bi-annual performance
evaluations, attached to this is the opportunity to earn up to a maximum of 18% of your
base salary
Sales Bonus – our sales employees will be included in a quarterly commission scheme
where they can achieve bonus based on their achievements again set targets
Management Bonus Contracts – Our management team will be included a
management bonus scheme where they will be assessed on pre agreed targets. As the
leaders of Daikin the scheme is designed to assess the effective management of individuals
and teams in order to achieve high levels of organisational performance.

Performance
Related Pay
At Daikin our annual salary review and increases to our employees
salaries will be driven by the employee’s individual performance
rating from the PDR
Reflecting achievements against results of the PDR –
“performance”
Acknowledging what has been achieved in terms of development
PDP– “contribution”
An average of the ratings from the employee’s last two evaluations
in conjunction with the individuals personal compa ratio within
their salary band will determine the increase to their salary.

Flexible Benefits
Employees at Daikin can take advantage of our Flexible Benefits
scheme which gives employees the choice to select from a range of
benefits that suit their personal needs.
Every year during Daikin’s election window (March) employees will
be asked to select the benefits they want for the year ahead,
employees can buy new benefits either via salary sacrifice or as Net
pay deductions.
Daikin realises its responsibility to ensure its employees have
adequate provisions for their future, with this in mind Daikin’s core
benefits can not be changed, These include Daikin’s contribution to
your pension fund and Life Insurance.

Lifestyle Benefits
Daikin Lifestyle Benefits are available to all employees, they allow you to
make great savings at your favourite stores, accessing specially arranged
discounts and savings with many major retailers.
We are able to give our employees the opportunity to save money on
their everyday household expenses.
For more info please visit the website on www.daikinlifestyle.co.uk

Total Reward Statements
At Daikin we want our employees to understand the true value of the Pay
and Benefits they receive.
Daikin will issue all employees with an annual Total Reward Statement
which hold details of all Base and Variable pay, Benefits and other non
cash associated benefits
The Purpose of the statements is to give employees an insight to what
their total remuneration package is worth and their value to Daikin
Employees can access their Total Reward Statements via Orbit our on-line
benefits platform.

Holidays
Daikin standard holiday entitlement for each year is 25 days, in
addition to this employees will also be entitled to the 8
standard bank holidays each year.
As part of our Flexible Benefits package our employees are
able to buy and sell up to 5 days holiday each year, with a
maximum of 10 banked days.
Daikin’s holiday year runs from the 1 st April to the 31 st March,
employees will be asked to select their holiday choices via
Flexible Benefits in the March prior to the new holiday year.

Pension
At Daikin we are aware of our responsibility to ensure our employees are
saving for their future retirement, with this in mind we offer a competitive
scheme via our on-line benefits platform Orbit.
Daikin will contribute a fixed percentage of our employees salary based on
their length of service with Daikin.
3 month to 5 years = 5%
5 years to 10 years = 6%
10 years to 15 years = 7%
15 years + = 8%
For employees to take advantage of our pension scheme they must
contribute a minimum of 1% of their salary.
Our pension scheme works on a salary sacrifice basis which allows
employees to take advantage of additional NI savings.

Healthcare
Daikin offers its employees the opportunity to join our comprehensive
private medical scheme.
On the successful completion of their probationary period (and up to 1
month after) or on our annual renewal data (July) employees can join our
scheme.
We also offer our employees family to take advantage of the scheme and
our competitive corporate rates, if employees wish to take advantage of this
they will be asked to reimburse Daikin for this cost
The only exception to the joining terms is following the birth or adoption of
a child.
Employee only cover is funded by daikin, it is however a benefit in kind and
will be declared on your annual P11D.

Health Cash
Back Scheme
At Daikin along with our comprehensive private medical scheme we also offer
our employees the opportunity to join our Health Cash Back scheme.
The scheme covers some treatments not usually covered under a private
medical scheme with such things as Dental, Optical and an Employee Assistance
Programme.
Our aim is to offer our employees all the help and support they need to recover
from sickness or injury.
Employees can join the scheme either on completion of their probationary
period or at our annual renewal date (July).

Life Assurance
Subject to acceptance by the provider, all employees on completion
of their probationary period, (or if later, on their 18th birthday) will
be provided with the benefit of Group Life Assurance.
This currently provides a lump sum payment of up to 4 times the
basic salary upon death, subject to guidelines and procedures in the
scheme. Details of the scheme are available for inspection from HR.
Employees will be required to complete an Expression of Wishes
form as part of the scheme; this can be found on Cascade the HR
database.

Child-care Vouchers
As part of out commitment to support our working parents Daikin offers
its employees the chance to join with the child-care vouchers scheme we
run in conjunction with Computershare Vouchers.
Child-care vouchers are a tax initiative, designed to help working parents
save money on their registered childcare costs.
Employees can enjoy the Tax and NI saving of up to £933 per annum with
the vouchers.

Dental Insurance
The scheme works on a reimbursement basis, providing you with a contribution (subject
to the policy document and scheme rules) towards the cost of NHS or private dental
treatment.
There are three different plans to choose from, each with different levels of
reimbursement available.
You can extend cover to your partner and/or children.
No prior oral health check required.
No application form to complete in order to join.
Simple claims process.
You can continue using your own dentist.
Children must be under the age of 18, or 19 if in full time education.
Full details of what the policy covers can be downloaded from Orbit.

Personal Accident
Dental Insurance
Insurance
At Daikin our annual salary review and increases to our employees
salaries will be driven by the employee’s individual performance
rating from the PDR
Personal Accident Insurance provides a cash benefit if you are involved in an accident
which, solely and independently of any other cause results in lose of limb, eye sight,
speech, hearing, permanent disabilities or death.
Reflecting achievements against results of the PDR –
“performance”
Acknowledging what has been achieved in terms of development
PDP– “contribution”
You can choose to cover yourself and your partner and/or children.
You will be able to select cover in units of £25,000, up to a maximum of £500,000.
Cover is available to members aged 70 or below as at 1 st April 2012 (children must be
under the age of 18, or 25 if in full time education).
An average of the ratings from the employee’s last two evaluations
in conjunction with the individuals personal compa ratio within
their salary band will determine the increase to their salary.
For further information regarding the benefits provided by the scheme, please read
the policy document available via Blueprint on the Orbit website.