Compensation and Benefits
At Xerox, we have long understood our success depends on attracting and sustaining a healthy and productive global workforce. To that end, we offer well-rounded compensation and benefits packages that place value in the whole person.
Our comprehensive Total Rewards package includes competitive pay and a range of benefits wherever we operate. Compensation and benefits vary by location according to local regulations, market conditions, and business objectives. Our benefit offerings may include the following: retirement programs, life and accident insurance, health and wellness insurance and services, leave programs, fringe programs, such as car allowances, and other competitive rewards. Outside of Total Rewards, we also offer a variety of continuing education and learning opportunities to enhance personal and professional development.
Our pay philosophy provides our people with rewards that are linked to individual performance and company results. Our total compensation package includes base pay, overtime and variable pay (where eligible). To ensure our compensation remains competitive, we participate in compensation surveys on an annual basis.
In the first quarter of 2017, we completed our Annual Compensation Planning Process. This process formalizes our approach for employees across all organizations and geographies. During this process, we create industry-based pay guidelines and review both employee and company performance to determine compensation changes.