Compensation at Rexel: rewarding performance
Variable compensation is a significant element of Group compensation policy, and rewards personal and collective performance.
- Fixed compensation levels are set on the basis of competitiveness criteria specific to each country and region to reflect personal skills, job-specific expertise and individual level of responsibility
- ?The personal variable compensation element is based on goal achievement and is received by more than 55% of permanent employees, primarily in sales functions
- The group variable compensation element reflects company performance and results. Half of employees receive this type of variable compensation in the form of an employee profit-sharing plan
The employee shareholding policy: Opportunity
Since Rexel’s listing on the stock market in 2007, five employee share purchase plans have been offered. Reserved exclusively for employees, these plans offered the opportunity to acquire Rexel shares under preferential conditions, with a matching employer contribution. The aim of these plans is to involve employees in the Group performance and increase the level of employee shareholding to encourage and consolidate employee commitment.
The most recent plan – Opportunity16 – was offered to almost 90% of Group employees in 14 countries.