All Konecranes remuneration schemes are planned in order to promote high performance as well as to emphasize focus and commitment to business targets. Remuneration schemes promote competitiveness and long-term financial success of the Company and to contribute to the favorable development of shareholder value.
The objective is that all Company employees should have a variable component based on their performance as a part of their overall remuneration. The size of this variable component varies according to the person’s position in the organization. Typically the variable components used in remuneration are based on the financial results of the Company and/or the unit in question and personal achievements. Remuneration schemes are drawn up in writing and numerical evaluation is used whenever possible.
All remuneration schemes are planned to meet both global and local needs and therefore they may differ between locations.