FTV's pay-for-performance philosophy fosters an environment that rewards employees for doing their best work to drive business results. It is intended to attract and retain key talent by delivering the highest compensation to the highest performing employees throughout their career. FTV’s total reward philosophy is built based on Four principles: Distinctive, Differentiation, Accountability for Results and Market Competitive.
With more than 25 benefits points, the goals of the total reward philosophy include attracting great employees to grow the business; motivating employees to continue to excel by supporting a performance-orientated culture & retain employees to promote continuity and preserve intellectual capital, maintaining a reasonable cost structure, remaining focused on the long-term perspective.
With the above goals and the principles and the actual situation, FTV believes its total reward is demonstrating the effectiveness needed.