Unilever Total Reward Statement

Unilever has a total reward program where every employee in the company is encouraged to grow to his or her full potential. They develop a performance-based reward structure that recognizes people have delivered results and have the right values for the company. At Unilever, employees are not only encouraged to give feedback but the company also have developed leading-edge tools to help them hear clearly how reward feels from the point of view of their people. The company aim to give employee access to a Total Reward Statement. The statement describes and values every element of the reward package. It also provides useful information on how the elements of each individual’s package work. The content and coverage of the Total Reward Statement is not just money. It was created in order to help employees to be able to see the value of all their benefits at Unilever, including learning to help individuals keep track of their progress and potential. Another unique feature of the Total Reward Statements is the 'Rate-my-Reward' through which employees can tell what they think of every aspect of their package. At Unilever, they believe that rewards should be open, fair, consistent and explainable. The Total Reward Statements cover all Unilever’s management staff across 96 countries. And the company is trying to add more and more people to the coverage and they won’t stop until they include every single person in Unilever. Unilever also offer employees attractive incentives. If the company does well in meeting its goals, the pay for highly rated people making an exceptional contribution will be towards the top of the market range. At Unilever, employees believe that if they all work together to deliver excellent results for Unilever, they will be well rewarded.