At Monsanto, when it started its
transition
from a chemical giant to a life sciences company, reward systems
have been redesigned to focus on
growth and instill a sense of
ownership
in the corporation. Monsanto granted stock option to the 95% of
employees who previously didn't participate in a stock-option program.
Economic Value Added (EVA) was adopted as the primary measure of
financial performance.
Incentive plans are tied to EVA, and employees
eligible for management incentives have had a portion of their incentive
converted into option.
