Rewards & Recognition
To reward your contribution to the company, Alcoa's total compensation strategy includes three key parts:
- Base pay: Cash compensation is competitive and based on job responsibilities and individual performance.
- Variable pay: Many business units offer performance pay or bonuses, emphasizing that we work collectively to accomplish the identified goals.
- Benefits: Alcoa's comprehensive benefits package generally includes a choice of health care, life insurance, and disability coverage to fit individual needs. In line with our people values, Alcoa offers coverage for domestic partners (of either gender) under the U.S. benefit plans. The Alcoa Savings Plan and retirement programs help you to prepare for retirement. A number of "work and personal life" benefit programs, such as tuition assistance, provide added value.
In addition to pay and benefits, Alcoa believes strongly in recognizing individual and team achievements. The Alcoa IMPACT Awards provide cash prizes and company-wide recognition, and each location has formal and informal reward programs. At the business level, our Global Leadership Awards recognize managers for outstanding results in developing people; promoting diversity; creating the "best people environment;" and achieving key customer, financial, and environmental health and safety goals.
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Our Top Recognition
The Alcoa IMPACT Awards recognize teams of employees for projects that impact business goals. At the 2007 N. American event, Jay Leno helped congratulate the winners.
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