We want to reward our employees for good performance, believing that fair remuneration motivates our people to strive for excellence. Therefore, we consider remuneration and its fairness important, and continuously aim to develop our policies to a more transparent direction.
Total Rewards at Neste are based on strategy and job responsibilities
Guiding principles for Rewarding at Neste
Our remuneration principles promote the implementation of our strategy, encourage people to perform well, and pay increasing attention to the transparency of rewarding and the uniformity of the principles.The principles are applied in different countries according to the local collective agreements, labor market conditions and the competitive situation.
One common short-term incentive plan and Personnel fund in Finland
At Neste, we have one common short-term incentive plan to drive and reward company and individual achievements. Incentives are based on performance with regard to personal or team objectives and the Group's overall performance.
Personnel Fund is an employee benefit within personnel in Finland. The purpose of the personnel fund to increase the personnel’s interest, commitment and financial participation in the company's business
Competitive fringe benefits
In addition to salary, we aim to offer our employees competitive fringe benefits in line with local market practices, such as – in the case of Finland – comprehensive health care, a Personnel Fund, and an insurance fund.
Encouragement through recognition
Appreciation of good results is one of the themes of our Way Forward initiative. Recognition of good performance is simple, yet one of the most effective ways to encourage people in their everyday work. Therefore, we have increasingly emphasized the significance of appreciation in strengthening professional identity in our supervisor training programs.
Recognition is also proof of one's work having meaning. Appreciation by a colleague is considered to be particularly valuable, which is why we want to encourage our people to acknowledge their colleagues' good performance.
Read more about our Remuneration Policy.