EBPO'S Reward Philosophy is to consider the total compensation package needed to meet the differing roles within the company whilst ensuring external competitiveness and internal relativity.

Our total compensation package is designed to reward successful performance at all levels and comprises a mixture of cash and non-cash elements, namely:

• Salary
  
• Benefits
  
• Bonus or commission
  
• Share or stock options

The basic salary principles are that we retain external market competitiveness and internal relativities based on skills, behaviours and performance. Participation in specific salary surveys enables regular monitoring of our market position in preparation for an annual review of base salary levels. Strong career mapping structures and a performance management system support these principles.

The recognition of individual and/or team performance in achieving agreed objectives and targets is a key platform. The bonus arrangements within EBPO aim to achieve this through an all employee performance bonus scheme.

Commission is used to reward those employees directly involved in sales.

Share options (through a variety of schemes) are recognised as an essential element of reward to ensure employees share in the success of EBPOand employees are encouraged to participate where appropriate

Benefits Package

The following are the salary components currently offered to Employees in India. The combination of components depends upon the role of the employee:

Reference Salary

Reference salary is the sum total of Fixed Base, Retirals, and Reimbursements mentioned below:

• Fixed Base - Basic Salary, House Rent Allowance (HRA), Conveyance Allowance, India Allowance, Special Allowance
  
• Retirals - Provident Fund (PF) and Gratuity
  
• Reimbursements - Leave Travel Assistance (LTA), Medical Reimbursement, Driver expenses and Fuel expenses

Benefits

Benefits such as White Goods, Company Car and Loan Scheme are offered to employees at various levels.

Bonus Schemes

Employees participate in an Individual Performance Linked Variable Scheme which awards achievement of individual objectives as well as a bonus scheme which awards Company performance as well as individual performance.

Overall, the total remuneration package is aimed at recruiting and retaining all levels of staff by offering competitive reward packages and rewarding performance.