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What is Pay in
Mars?
Mars,
Incorporated aims to be the employer of choice for those dedicated
individuals with drive, talent, healthy dissatisfaction and
a strong desire to win, who really make a difference. ¡°We
want the best; will pay for the best and expect the best from
our Associates¡±. Pay should not be the reason someone wants
to work at Mars. We want people to come to Mars because we
run lean, we can spend more per associate, and therefore give
more responsibility (¡°big jobs early¡±). We want people to
work for Mars because of what we can offer in terms of a career
and environment. Pay should enable a co-operative working
environment, sharing of experiences and best practices. It
should not set units in competition against each other.
As
a private, family owned business we need to focus on our strengths;
what makes us different. With that in mind, at Mars, Incorporated
pay may include the following components;
- Base pay
Remain competitive in the market the business competes;
Focus on delivering long-term goals, avoiding the short
term volatility public companies suffer;
Be able to attract and retain associates through even
the bad times.
- Base pay incentives
Base pay incentives include Good Time Keeping bonus (GTB)
and ROTA pay, which are very unique to Mars.
- Short term incentives
Short term incentives include annual bonuses both individual
and company which will be focussed on driving profitable
growth.
- Medium term incentives
Medium term incentives will be delivered for local business
performance and growth in value for the corporation as
a whole.
Long term incentives
- Long term incentives will
be delivered for total corporate performance, and is entitled
to a selected group of key associates.
Total Pay
The
sum of all of the above is referred to as Total Pay.
We will pay for the best. We foster the thinking that
¡°if my business does well, I will do well¡± and therefore we
will pay premium pay for premium performance, ensuring affordability
with high productivity.
In
general, total pay (base plus variable) opportunity will be
positioned well above market median for premium performance.
The minimum competitive level will be set in order to maintain
competitiveness in the market. The business competes for both
talent and products.
We
relate the total pay opportunity of individuals to
- The size & location of business in which
they are based.
- Reflect individual accountability, span of
control and scope of responsibility
- Reflect business and individual performance
Benefits
- Social insurance
All associates are entitled to the social insurance benefits
stipulated by local policies, such as social pension insurance,
medical insurance, unemployment insurance, work-related
injury insurance, birth insurance, etc.
- Housing Fund
All formal associates are entitled to the housing funds
provided by Mars Inc.
- Supplementary Medical Insurance
All associates and his/her entitled immediately family
members are entitled to supplementary medical insurance.
- Annual vacation
Associate is entitled to an annual vacation of 15 to 20
working days per year according to his/her working years
in the Company.
- Public holiday
All associates are entitled to public holidays stipulated
by the government.
When associates need to work overtime during public holidays,
the Company shall offer relevant compensation to them
according to the Chinese labour law.
- Sick Leave and others
Mars Inc. (China) is responsible for the good health and
peaceful life of associates. We expect that associates
perform their work according to the schedule, but sometimes
associates may suffer illness or injury, that means they
will be unable to work as normal during this period. Subject
to certain conditions, the formal associates are entitled
to certain paid sick leave during such period.
Subject to certain conditions and company policy, all
associates are eligible for certain leaves or benefit
e.g. marriage leave, maternity leave, etc.
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