Rewards and recognition
By now you’ve probably realised that we set standards for ourselves that are as tough as the standards we set for our products. Our teams are measured against a combination of performance objectives and values based behaviour. In other words, it’s not only what is achieved that is important to us, but also how it is achieved.
How do we reward our employees?
Our Total Rewards Model includes a mix of elements made up of:
- Guaranteed pay (salary)
- Variable Pay (short- and long-term incentives)
- Career development opportunities
- On the spot Awards for going above and beyond the call of duty
- Difference Awards for making an extraordinary contribution to the business
- Annual CEO Awards for both individuals and teams within Woolworths
Some of our other benefits include:
- Discounts
- Retirement funding
- Healthcare
- Educational sssistance
- Disability benefits
- Death cover including a Memorial Educational Fund
- Funeral cover
We believe that exceptional effort deserves to be rewarded.