Performance-based compensation - attractive fringe benefits
Our employees largely determine the success of the company. For this they not only receive our recognition, but also attractive, fair and performance-based remuneration. In addition, we offer a wide range of voluntary corporate employee benefits.
Our compensation structure is based on the principles of market orientation, fairness, transparency and traceability. In this spirit, we regularly adapt it to the latest developments. For example, since 2013 we only pay the target bonus as a percentage of basic salary, for an updated, simplified remuneration. We also schedule the salary reviews for immediately after the appraisals to link performance and pay more. In addition to bonuses and premiums, which we value outstanding performance with, Tchibo granted special allowances such as Christmas and holiday pay up to a certain salary level, which were also paid in 2014, including voluntary, not collectively agreed shares.
Collective agreements with trade unions
In the remuneration of staff at our Tchibo shops, we take our cue from collective agreements for the retail trade. In July 2014 we signed a collective agreement with the ‘Nahrung Genuss Gaststätten’ (NGG) union under the umbrella of the German Hotel and Restaurant Association (Dehoga), which runs until the end of May 2016 and stipulates a lowest negotiated wage of 8.51 euros from December 1, 2014.
Tchibo Extras: Special recognition for special achievements
We see voluntary employee benefits as an integral part of a good corporate culture. They serve as recognition for our employees’ exceptional dedication and performance. In our view, initiatives for preventive healthcare and achieving a healthy work-life balance are just as much a part of this as post-employment benefits, social insurance and fringe benefits, in which we also include pension schemes and employee discounts.
Workplace health promotion is one focus of the leisure centre at our headquarters, where for a fee of just €2 a month, employees can practice 30 sports and use the indoor swimming pool and a weight room. Employees living outside of Hamburg often have the opportunity to use gyms at special rates thanks to works council agreements. We also offer our employees discounts on Tchibo products and have agreed group accident insurance cover for them that provides 24-hour coverage and therefore also extends to their personal life outside of work.
Social insurance beyond active employment
For us employer responsibility means safeguarding our employees beyond their active employment. For over ten years, we have offered all employees at Tchibo GmbH and German subsidiaries a company pension. We maintained this offer even after completion of the 2014 fiscal year. The capital payment amount is based on the employees’ contractual position and how long they worked for the company. All Tchibo employees also have the option of building up an additional pension pot through payments that are exempt from taxes and social security contributions. Any pension shortfalls can be covered at low cost through a company direct insurance scheme. On request, our HR department offers employees personal consultation for finding suitable means of pension provision.
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