EARN COMPETITIVE PAY & BENEFITS
A REWARDING PLACE TO WORK
There’s more to being in business than just making a profit. That idea is important to Mars, and it is something we try to live up to by providing opportunities for our Associates’ work to mean more, for themselves, their community and for the planet.
Our Associates make a difference every day, in the office and beyond. Check out how our Mars Volunteer Program and Mars Ambassador Program can help you reach out and impact the world.
Fun perks are part of what makes Mars such a special place to work. The Mars Petcare office in Tennessee, U.S., for example, encourages Associates to bring their pets to work with them. Check out our current open opportunities to learn about the in-office benefits specific to each region.
TOP-NOTCH PAY AND BENEFITS
To get the best people, we know we need comprehensive pay and benefits. We outline how we reward committed and results-driven Associates in our annual Total Rewards Statements, which provide full details on every aspect of individual pay and benefits packages.
The packages we offer vary around the world according to local legal requirements and market conditions, but all are designed with the following aims in mind:
Associates are paid competitively
Associates and their families enjoy good health
Associates feel protected from the effects of catastrophic life events
Associates know that Mars respects lives outside work
Associates plan and prepare for retirement
FAIR COMPENSATION FOR ALL
Above-average wages are important for above-average performance. Mars uses a streamlined approach to pay Associates at all levels of the company, no matter where they are, so we can ensure we’re paying the best for the best. We aim for Associates’ total compensation to be in the top 25 percent when compared with similar competitors within the relevant surrounding area. We also perform annual benchmarks to adjust pay scales to make sure we’re hitting the mark. In return for above-average pay, we expect above-average performance from all of our Associates.
FOR THE HEALTH OF OUR ASSOCIATES AND FAMILIES
We want our Mars Associates and their families to enjoy the best health possible. To that end, our wellness initiatives help us all stay healthy, and when Associates or family members do become ill, we provide access to good quality, affordable healthcare to get them healthy fast. This makes good business sense — we want our Associates to be happy in life and at work. We also provide health and wellness programs to help Associates manage their work-life balance and stress levels.
The vast majority of Associates have financial protection covering sickness, disability and death. This package includes comprehensive short- and long-term disability programs and life insurance equal to three times gross annual salary plus target annual bonus.
We are committed to supporting parents inside and outside the workplace. Our flexible policies also allow Mars Associates time away from work to deal with life events. In addition, everyone needs time to relax and recharge, and we provide paid vacation time for all Associates. The amount of leave we provide varies based on each country's cultural and legal requirements.
PLANNING FOR RETIREMENT
Planning for retirement means planning for your best life. Because we want our Associates to be with us for the long haul, we accept some of the responsibility for making sure that Associates have adequate income in retirement, providing a range of pension and retirement savings options. This includes matching Associates' contributions with an equivalent company contribution and encouraging retirement savings through newsletters, podcasts, webinars and seminars with savings professionals. During the recent global financial crisis, many companies scaled back their contributions to Associate retirement savings plans, but we didn’t back down from our responsibility. Contributions remained the same and, in some cases, actually increased.
MARS EXECUTIVE PAY
Executive pay is a key part of any business, and we take a thoughtful approach to make sure we do it right. We compare our executive pay levels to 20 large, globally diverse companies in the consumer products and pharmaceutical sectors every year to make sure we are paying our executives fairly. If adjustments are needed, the Remuneration Committee and Mars’ Board can approve them.
Mars differs from almost all publicly held companies in that fixed pay is a much larger portion of total compensation than is typical, and all incentives are paid in cash rather than as equity. Executive pay is composed of fixed base pay, annual incentive pay and long-term incentives. We believe that this approach strikes the right balance between rewarding good performance and giving Associates sufficient income security to make decisions that are right for the long-term — even if they are costly now.