Variable Compensation
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The success of a location, a division or the Corporation as a whole depends to a significant extent on the commitment of each individual employee. Continental is therefore endeavored to spur its employees at all levels on to peak performance and to let them partake of the company’s success. Continental has two systems of variable compensation:
In addition the Executive Board decided to introduce an annual profit sharing program for all employees around the world. A corporate-wide agreement to this effect was concluded with the corporate works council in Germany. The program allows Continental Corporation employees to participate directly in the success of the company in that they receive a bonus. The amount of the bonus paid depends on the Continental Corporation's absolute value contribution for the respective fiscal year. The portion of profits distributed for 2011 totaled about €70 million. |