bat nigeria - Rewards and benefits



As you would expect from a part of a leading global business, we offer highly competitive rewards for success, invest heavily in training and development, and can offer truly international career opportunities.

We also want our employees to feel rewarded by the challenge of their roles, career opportunities and positive team relationships.  Our practices in the area of benefits aim to support our goal of attracting and retaining the best people for the organisation by reflecting our core values and prevailing market practice in our local operating environment.

We regularly compare ourselves to a select group of other businesses targeting the same pool of world-class talent.  We refer to this select group of businesses as our comparator companies.  This comparison enables us to maintain an attractively positioned salary and benefits package.

Our comparator companies in Nigeria include major FMCGs such as Coca-Cola, Procter & Gamble, Nestle, Unilever, Cadbury, Guinness and Nigerian Breweries.  Outside of the FMCGs are companies such as MTN, Zain, Oando, Shell and Stanbic IBTC.

We review our list of comparator companies periodically to ensure we continue to maintain an attractively positioned salary.  We want to reward the contributions of our employees in a way that is meaningful to them, so we continue to examine the practices of other companies and ask our employees what motivates them.

This research supports us in developing leading-edge practices and we have developed a localized reward strategy having the following elements:

  • Rewarding contribution and achievement rather than tenure; 
  • Freedom for managers to influence the pay increases of their staff;
  • Performance judged against a small number of key areas and objectives;
  • Where possible, greater choice in the elements of an individual’s benefits package;
  • Communication on the overall value of the total reward package;
  • Regular feedback mechanisms for assessing views on reward;
  • Simple and straightforward reward systems.

When employees share the company’s business vision, they also realize that they have the power to support the company in achieving its goal and that they will be rewarded appropriately for doing so.  With this in their consciousness, they can strongly focus on the tasks that ensure the company’s success.

Our ultimate goal is to motivate and empower employees to build the business and make it a great place to work.

 

Page last updated: 03/04/2014 18:38:34 GMT