Compensation and benefits policy

Orkla’s Reward Policy aims to offer competitive levels of total compensation (base salary, variable elements and benefits). Our total compensation package is designed to attract, develop and retain employees with the necessary competencies.

To ensure a reward structure that truly reflects the various market levels and practices, Orkla uses recognised benchmarking tools. Orkla participates in local annual compensation surveys. All positions with individual pay are classified Based on the position classifications compensation levels are set, based on the relevant market figures. Annual Base Salary is aiming for market median as the level. For variable pay, the aim is above median. Benefits will be based on local market practices to ensure competitiveness.