Executive Compensation: The Year of Cautious Optimism
Profit Sharing Leading
to Wealth Creation
The Total Rewards Philosophy
The Total Rewards Philosophy at Vedanta Resources
encompasses various facets of monitory and nonmonitory
rewards. Every element of the rewards
architecture is backed by short or long-term performance
aligned to the business deliverables.The Rewards model
not only focuses to attract and retain the right talent
but also ensures that the employees stay motivated in
their roles thereby making greater contributions towards
achieving the common goal of the organization.
Total Rewards Philosophy and
Compensation Mix
s
The executive compensation at Vedanta boasts of an equal
proportion of short, medium and long-term rewards.
Under this approach, the organization incentivizes the
executives to achieve specific, pre-determined goals during the financial year thereby encouraging and
rewarding strong performance. This creates a better
alignment between the interest of shareholders and
wealth generation of executives. The Rewards model
portfolio is designed such that at junior management
levels, the compensation structure is heavier on fixed
components whereas at senior leadership levels, the
compensation portfolio is a balanced mix of fixed
pay, annual bonus and long-term incentives.
Employee Stock Option Scheme - A
Unique Proposition
Vedanta has always endeavored to be the frontrunners in
building a comprehensive Employee Value Proposition,
and the Employee Stock Options scheme is one such
'distinguished feature' in the overall Rewards framework
at Vedanta. The Stock Option scheme is a minimal cost
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