Lenovo 2015 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2015 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 215

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215

97
2014/15 Annual Report Lenovo Group Limited
Fiscal Year 2014-15 Employees Review
Fixed Compensation
Each year management conducts a market review to ensure fixed compensation changes are aligned and
competitive with market trends. The review incorporates input from several external survey providers and formal
assessments of individual performance. Any approved market-based merit increases were effective from July 1,
2014.
Performance Bonus
Performance bonus for general employees is based on individual performance and performance of their respective
business unit or “Performance Group”. For fiscal year 2014/15, there were a total of approximately 34 different
Performance Groups within the Company each with their unique performance metrics and targets. For the fiscal year
2014/15 performance bonus, mid-year progress payment was made in December 2014, and full payment based on
annual business outcomes will be trued-up in June 2015 based on approved final bonus funding.
Bonus Target
Performance
Group
Score
Individual
Performance
Modifier
FINAL
BONUS
PAYOUT
x x =
Performance Group scores may range from 0% to 300% based on final results against targets. Individual
Performance Modifiers range from 0% to 150% and are linked to the employee Performance Ratings and progress
against established Key Performance Indicators (KPIs).
LTI Program
For fiscal year 2014/15,18% of eligible employees (excluding executive directors) received an award under the LTI
Program. These awards were granted in June of 2014.
Emoluments of Directors for FY2014/15 and Five Highest Paid Individuals
Details of the emoluments of Directors and the five highest paid individuals are set out in note 11 to the financial
statements.