LISTEN: Nestlé Overhauls Bonus Structure

A leading global food manufacturer has reportedly overhauled its employee bonus program as part of a broader effort to revamp its corporate culture.

Under the new structure at Nestlé, people familiar with the move recently told Bloomberg, workers deemed “exemplary” could get bonuses of up to 150% of company targets, while those at the other end of the spectrum, or “unsatisfactory,” would get a maximum of 50% of the target — or no bonus at all.

The top bonuses were previously capped at 130%, but more importantly, according to the report, the changes represented a dramatic shift from a culture in which nearly all 271,000 employees tended to get bonuses of at least 80% of company targets.

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