Compensation
We use compensation to attract key talent and reward the values, behaviors and contributions that drive business results. ETS employees are expected to contribute to the success of the company through their hard work, ideas, enthusiasm and results. Employees earn total cash compensation (base salary and variable pay) that compares favorably to competitive market rates and allows for rewards for high individual performance and results.
Base Salaries
ETS conducts a formal job evaluation process to determine the appropriate value of each position in the labor market or in relation to other positions within ETS. Salary growth opportunities are based on competitive market practices, economic conditions and individual contributions to the company. Base salaries are reviewed annually during the performance review process.
Variable Compensation
These programs give high-performing employees the opportunity to earn more in total compensation.
There are currently three variable compensation components that recognize and reward both individual and company performance:
- The Performance Sharing Plan (PSP) enables employees to share equally in the overall success of ETS's achievement on its Grid of Success Factors. Awards can range from 0–6% of annual base pay, dependent on company performance.
- The Presidential Awards program enables employees to earn significant rewards for substantial contributions to business results.
- Recognition (or Spot) Awards are management-discretionary awards that recognize outstanding individual or team achievements, milestone accomplishments within a longer-term project, or contributions to business results throughout the year.
See Also:
