Work Life Integration
We aim to harmonize the commercial interests of the company with the professional, private and family needs of our employees. Our Work-Life Integration initiatives and programs include the provision of flexible working times and place, people development and leadership competence related to work-life integration, as well as family-oriented services.
In addition to providing flexible working opportunities such as teleworking, sabbaticals and parent/child offices, we have two day-care facilities at our headquarters in Herzogenaurach.
To drive high performance within the company, in 2018 we introduced a new performance management approach called ‘#MYBEST’. It is a new and holistic performance development approach combining monthly high-quality conversations between the employee and the line manager as well as regular upward and peer feedback options with quarterly target setting and performance evaluation.
The approach is based on the evaluation of three dimensions: target achievement, behaviors, and peer and upward feedback.
Wages, benefits and incentives
We are committed to rewarding our employees with compensation, benefit and incentive programs that are competitive in the marketplace and are aligned with our performance culture. Remuneration throughout the company comprises fixed and variable monetary compensation, non-monetary rewards as well as other intangible benefits.
The various variable compensation and benefits components we offer our employees include:
- Bonus program – Short-Term Incentive (STI) program
- Profit participation program – ‘Champions Bonus’ (Germany)
- Long-Term Incentive (LTI) Plan for senior management and Executive Board members
- 401-K Retirement Plan (USA) and adidas Pension Plan (Germany)
- adidas Stock Purchase Plan