Performance bonuses motivate employees
The collective agreement for employees working for Hansel from 1 April 2023 to 31 March 2025 between Hansel and the Federation of Professional and Managerial Staff YTN has been signed. The collective agreement states that the amount and criteria of the performance bonus are determined annually by Hansel’s Board of Directors. All permanent employees are covered by the performance bonus scheme after a six-month trial period.
Decisions on the performance bonus are made annually by the company’s Board of Directors, which in turn follows the Government’s ownership steering principles. The chair of the Board reports on the company’s remuneration policy and management remuneration to the shareholders at the annual general meeting. As the owner of the company, the Government expects the company to integrate corporate responsibility into the remuneration policy. The performance bonus for an employee of Hansel can be up to 15% of their annual salary. For a member of the Executive Committee, it can rise to up to 30% of the annual salary based on exceptional performance. Performance bonuses are paid in arrears in connection with the April payday, and the payment requires the employee to have a valid employment contract on the date of payment.
Those who are not members of the Executive Committee can also receive a one-off bonus, ranging from EUR 300 to EUR 3,000. The one-off bonus may be awarded by the Managing Director based on particularly good performance, and it is paid on the next payday following its award.
Management performance bonus criteria include the use of joint procurement, customer satisfaction, personnel satisfaction, the implementation of the growth strategy (positive operating result) and sustainability. The performance bonus criteria for other employees are partly the same: the use of joint procurement, the implementation of the growth strategy (positive operating result) and customer satisfaction. A total of 7% of the performance bonus is linked to the employee’s personal goals. For many employees, sustainability has been determined as a performance bonus criterion in their personal goals.
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