The base salary ensures an appropriate standard of living for employees. This constitutes the fixed, predictable component of their compensation package. Non-managerial employees receive the wages and salaries stipulated in collective bargaining agreements, and the apprentice allowance applies to apprentices. These may be subject to considerable variation depending on the specific collective bargaining district in the relevant German state. We have also developed standards for our senior managers, which are based on external market standards and on the base salaries determined by the VAA German association of chemical industry executives. Furthermore, we apply the Hay method to evaluate management responsibilities, and we classify contracts according to internal Bayer salary bands.
Our employees’ base salaries are supplemented by various components related to their achievements and the company’s success. These reward employees’ ability to challenge the status quo and be forward-thinking.
STI (Short Term Incentive)
VEZ (Variable One-Time Payment)