Investor Presentaiton
2016 Braskem | Annual Report
61
85% of the market median
for the initial amount
(Development Range)
Market median at the central
benchmark (Target Range)
115% of the market median
for the maximum amount
(Advanced Performance
Range)
Variable remuneration, carried out
in the form of Profit Sharing (PLR),
is aligned with Braskem's strategy
and culture, making it possible to
attract and retain talent. Its main
objective is to stimulate achieving
the best results and to recognize
individual performances. The main
individual challenges are included
in the Action Program (PA) of each
Team Member, and the calculation
basis includes indicators such
as operating EBITDA, working
capital variation, and operational
investment (CAPEX).
The variation in the ratio of the
Company's lowest salary compared
to the local minimum wage
remained stable throughout 2016,
with a slight increase of 1 and 2
points, respectively, in the state of
São Paulo (Brazil), and in the United
States. It is worth mentioning that
the salaries at Braskem are equal
for men and women within their
respective positions.17
LOWEST SALARY VERSUS
LOCAL MINIMUM WAGE
G4-LA2
RETIREMENT
G4-LA10
For Team Members who intend to retire from units in Brazil, Braskem offers
the Horizons program, which, for a year, prepares and supports professionals
and their families for the post-career transition process. The program consists
of four modules, totaling 40 hours, and has two fundamental pillars:
Reflection of life and career: process of awareness about the
new stage of life that is approaching.
Knowledge management: ensure the continuity of the Company's
business through a structured process of knowledge transfer
acquired by each Team Member throughout his or her career that
are important for Braskem's succession process.
2015
2016
SP
1.7
1.8
RJ
2.2
2.2
Brazil
BA
1.6
1.6
1.
AL
1.5
1.5
RS
1.8
1.8
2.
United States
2.9
3.1
Germany
Mexico
2.0
2.0
3.6
3.5
At Braskem, benefits are offered from the time of hiring and there
is no distinction between full-time, part-time or fixed-term Team
Members.18
Health and Dental Plans (Brazil, Mexico, and the United States)
•
Private Pension - Odeprev (Brazil, United States, and Germany)19
•
•
•
Life Insurance Life Insurance 16 (Brazil, Mexico, United States, and
Germany)20
Child Care Assistance (Brazil)
Maternity and Paternity Leave (Brazil, Mexico, United States, and
Germany)21
Meal vouchers (Brazil); food stamps (Mexico); discounts at nearby
restaurants with Braskem directly paying the restaurant (Germany)
Disease Support (Brazil)
Special Child Assistance (Brazil)
17 The calculation used includes the lowest salary offered by Braskem, using the Hay table
(table of positions and salaries established by Braskem), considering 85% of the range
(least % of range varying between 85 and 115) from the lowest position at the Company
versus the local minimum wage that is established by the collective bargaining agreement,
in the case of Brazil, and the local minimum wage for non-union Team Members.
18 Currently, Braskem does not have Team Members in Brazil hired for a fixed term, only
Apprentices (16), who are hired according to the country's own regulations. In Germany,
there are three Team Members hired for a fixed-term.
19 Braskem provides private pension plans in Brazil, the United States and Germany, with
the purpose of supporting the Team Members in the planning and preparation of their post-
career period and their retirement. In Brazil, Braskem offers the supplementary pension
plan called ODEPREV - Odebrecht Previdência, put together sustainably, without risks of
actuarial imbalance, with a defined contribution format, exclusive to Team Members of the
Odebrecht Organization.
20 ODEPREV - Odebrecht Previdência offers participants a social security insurance
(PrevSeguro), which extends the financial protection of the Plan Participants and/or their
relatives, in case of death (natural or accidental), or total and permanent disability (due to
illness or accident), occurring before the age of 65.
21 Braskem tracks the exit and return indicator of maternity leave only in Brazil, and does
not monitor this in other countries. In 2016, a total of 33 Team Members utilized the
benefit, and 29 was the number of Team Members who returned to work after the maternity
leave period. (G4-LA3)View entire presentation