Swiss food giant Nestlé is overhauling its bonus system to reward top performers. The company is introducing six rankings for its employees to determine payouts. Employees deemed “exemplary” will be eligible for a payout of as much as 150% of the bonus target. Those employees given an “unsatisfactory” rating will receive between 0% and 50% of the target. Bonus targets vary across teams. Nestlé said the system simplifies performance evaluation, development planning and employee feedback. A Nestlé spokesperson said: “The idea behind the whole framework is to really develop people. We also want to change how people behave.”
