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Personnel Today

BP Amoco rewards staff’s green thinking

by Personnel Today 20 Feb 2001
by Personnel Today 20 Feb 2001

BP Amoco has introduced a flexible reward and a fast-track
promotion scheme that also encourages employees to consider the environmental
impact of their business actions.

Vice-president of remuneration and benefits Kevin Abbott
said the company is split into 150 semi-autonomous business units, which are
headed by a senior manager.

These units are divided into several teams. Each receives
bonuses according to its financial performance and environmental practices and
can choose to receive bonuses in cash, shares or benefits.

Abbott said it was important that employees received bonuses
for more than just increasing profits. “When you are a multinational company
everything you do is under the microscope. This means when we get things right
everybody knows – but when we get it wrong, everybody knows,” said Abbott at
the CIPD’s Compensation Forum in London.

The senior managers of the business units, however, are
rewarded according to the overall performance of the company. This is to get
them all to work together.

Last week, BP announced profits of more than £9bn for the
last financial year. It employs 100,000 people in 100 different countries.

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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