Compensation

Pay at Schindler includes base salary, bonus, and social and other benefits. Each Schindler company follows the Group compensation policy which takes account of profitability, internal equity, individual performance and relevant market practices.

Bonuses and incentives
Schindler promotes the use of incentives and bonuses wherever justified. At management levels, the variable component makes up a larger proportion of an individual's pay.

Competitive salary levels
Schindler pays its employees according to the relevant market benchmarks and conducts regular market surveys to make sure that its compensation is competitive. Pay structures are kept simple, and each manager is responsible for communicating openly with each employee about her/his remuneration, based on advice from Human Resources.