When most people hear the word compensation, they think first about their base salary. Certainly your pay is the largest part of your total compensation, but there are several other parts.
Total Compensation Includes: - Base salary
- Variable Pay
- Benefits
Your Salary
Market values for each job are derived annually based on information obtained from major compensation consulting firms. The market information contains salary, bonus, and other elements of compensation for benchmark jobs in each functional area.
Your salary is based on:
- The market value for your job
- The skills and knowledge you possess and use to achieve results
- Your overall performance
Increasing Your Salary
You can increase your salary by achieving results. PPG pays for performance in two ways – new job opportunities and Personal Performance Grants. We provide competitive pay and development opportunities to encourage high performing employees to make a career at PPG.
New Job Opportunities
Your performance is directly related to your success in developing and applying skills and knowledge. And your development may be recognized by promotion to a job at a higher level or by a career development move at the level of your current job. Your current job may grow into a larger role upon assumption of additional responsibilities or you may qualify for a different assignment. A promotion or a career development move can be the fastest way to increase your earnings opportunity.
Personal Performance Grants
Personal Performance Grants provide a regular opportunity for you to increase your salary based on your performance and contributions to PPG's results.
PPG's professional employees are eligible for consideration for Personal Performance Grants each year. These grants are awarded by your management team. They are made annually as a percent of salary based on your results for the prior year.
The total amount of money available each year is determined by external factors, such as our competitive pay position, and internal factors, such as business results.
At the end of each year, your management team will determine the amount of your Personal Performance Grant. They will make that assessment using specific performance-related criteria, including:
- Results against agreed-upon goals in your Performance & Learning plan
- Effectiveness in managing ongoing responsibilities
- Achievements above and beyond those anticipated
- Achieving results in a manner consistent with PPG's Blueprint Values,
Quality Process, and Prime Success Factors.
You also have the opportunity to earn an additional Personal Performance Grant each year. As many as one-third of our professional employees may be recognized by receiving an additional Personal Performance Grant. Your management team decides on the recipients of these grants and their size.