Do you feel compensation should be rewarded for tenure or merit?
There are many who feel their loyalty, on principle, should be rewarded, especially when committing to staying with company long-term. There are others who might view this outlook as taking their employment for granted, feeling comfortable performing in a manner that barely meets expectations rather than exceeding expectations. This question is designed to assess your values on this matter. How you answer should inform them of how you expect to be rewarded, and how informed you are on how they compensate their employees.
UBS details on its website that it rewards its employees based on their performance while applying EQUAL-SALARY Foundation standards to their HR practices. "At UBS, our pay practices are designed to ensure that we appropriately reward employees for their contribution. We apply compensation principles reflecting a pay-for-performance approach. We are committed to incentivizing the right behavior by establishing reward principles and internal control frameworks. Evaluation of individual performance reflects both the what (contribution) and the how (behavior). Our global HR policies and standards, including reward, performance management and promotion, are reviewed annually. Our processes are also global, and we take the same review approach and have the same standard of excellence across all of our locations."
"I believe that everyone should be acknowledged for what they've contributed in equal share. Everyone's merit should be rewarded. But, if you aren't contributing, you shouldn't be rewarded just for being around a long time. Especially when there are others who are committing far more. I familiarized myself with UBS's policies on this when I was exploring this opportunity, and the more I learned, the more I realized this was the right company for me."
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