Annual Report 2010 - Outokumpu

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Compensation and benefits
Outokumpu's intent is to provide competitive base salary for all employees based on the scope of their role and their
individual performance. In this philosophy, rewards should be differentiated based on the employees' performance. Base
salary levels also typically vary depending on an individual's career stage. According to our principles, the base salary
should be determined by considering the requirements of the position, and the relevant competences and experience of
the employee. Overall, Outokumpu pays its employees according to the local labour agreements and market in each
country. At country level, Outokumpu aims to be at the market median in terms of base salary. In addition to the base
salary, incentive schemes are used as an element of total compensation. In 2010, incentive payments totaled 3.2% of
total personnel costs.
Outokumpu Annual Report 2010 – People & Society – Compensation and benefits