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In line with our commitment to valuing each other, we work to recognise and celebrate our people’s contribution to Diageo’s performance and help ensure they feel motivated and satisfied.
Our approach to reward is consistent with our values and Diageo’s purpose of celebrating life everyday, everywhere. Our reward frameworks:
To attract and retain the best talent, we must provide a competitive package that pays people fairly for what they do. Rewards are therefore performance-related, with salary increases and annual bonuses based on the achievement of individual and collective objectives that are linked to Diageo’s overall performance targets. We regularly benchmark our packages within local markets to ensure our rewards match up to local expectations.
We aim to provide local benefits, based on what is customary in people’s region, that support the needs of employees at different stages of their life and that, wherever possible, enable individual choice and flexibility. The long-term welfare of our employees is an important consideration in structuring benefits packages which may include:
We strongly believe in the value of our employees sharing in the company by becoming shareholders. We seek out opportunities to extend employee share ownership around the world, and in 2011, 31 countries operated an all-employee share plan. A further two countries will be invited to participate in Diageo’s International Sharematch Plan later this year. This, combined with existing employee share plans, will further extend the opportunity to own shares to the vast majority of employees. As at 30 June 2011, 16,057 past and present employees held 1.17% (2010 – 0.74%) of Diageo’s ordinary issued share capital.
Comparative figures are shown in the table below.
* Past and present
We bring to life our goal of celebrating life every day, everywhere through local market recognition programmes that are designed to celebrate employees’ achievements and to inspire our employees to strive for the best. We do this to:
There are many different schemes in operation around the world and within our functions. Here are just a couple of examples:
Every large company and every large venture is faced with the same problem: how do you make each and...
© Diageo plc 2011