Lenovo 2016 Annual Report Download - page 115
Download and view the complete annual report
Please find page 115 of the 2016 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.-
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
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
 |
 |
113
2015/16 Annual Report Lenovo Group Limited
Remuneration of Senior Management
The remuneration of senior management fell within the following bands for the year ended March 31, 2016:
Remuneration bands
Number of senior
management
US$3,610,735 to US$3,675,211 1
US$3,739,689 to US$3,804,166 1
US$4,191,031 to US$4,255,507 1
US$6,770,127 to US$6,834,603 2
US$7,801,766 to US$7,866,242 1
US$16,119,350 to US$16,183,826 1
Emoluments of Directors for FY2015/16 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.
Fiscal Year 2015-16 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, 2015.
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 2015/16, there were a total of
approximately 37 different Performance Groups within the Company each with their unique performance
metrics and targets. For the fiscal year 2015/16 performance bonus, mid-year progress payment was
made in December 2015, and full payment based on annual business outcomes will be trued-up in June
2016 based on approved final bonus funding.
Performance
Group Score
Individual
Performance
Modifier
Final Bonus
Payout
=
+
+
Bonus Target
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 2015/16, 18% of eligible employees (excluding executive directors) received an award under
the LTI Program. These awards were granted in June of 2015.