COMPENSATION & BENEFITS
We truly value our employees at Campbell. A good example is the significant investment we make in our employees by offering comprehensive, competitive compensation and benefit programs.
Compensation
Our compensation philosophy recognizes that people drive profitability and competitive advantage. Our compensation programs for employees are based on two principles:
- The Market Counts: our pay package is competitive when measured against the appropriate set of peer companies that are in the same market for talent.
- Performance Counts: pay is linked to individual performance and, depending on an employee’s role and level, the performance of a business unit/function and the Company.
The three components of our compensation package are: base salary, annual incentives, and long-term incentives. Eligibility for our annual and long-term incentives is based on an employee’s job and level in the organization. As employees progress within Campbell, incentives play a greater role in their overall compensation package.
Benefits
For U.S.-based employees, our benefits philosophy is founded on four principles:
- A Competitive Package: our overall package is in line with the competitive market.
- An Investment in Our Workforce: our programs represent a significant investment in employees and their families. Campbell pays most of the premium cost for our healthcare offerings and makes significant contributions to our retirement programs.
- A Partnership: we give employees the tools they need to learn about their benefits and the flexibility to choose the benefits appropriate for them to get the most out of the plans.
- A Focus on Wellness: we emphasize wellness across all areas of an employee’s life — health, finances and retirement.
The following is an overview of the types of programs we offer, which may not apply to every employee or location.
Healthcare
- Competitive health, dental, and prescription drug coverage
- Access to counseling services on a variety of personal and work/life issues
- On-site health clinic/nurses and health screenings
- 24-hour Nurse Line
Retirement
- 401(k) plan with matching contributions
- Pension benefits
Insurance
- Life insurance with the option to purchase child and spouse coverage
- Disability coverage
- Accidental death or dismemberment coverage
- Business travel accident coverage
Education
- Tuition assistance
- Scholarship program for employees’ children
Community
- Matching charitable gifts program
- “Dollars for Doers” program
For employees based outside of the U.S., we provide, in many cases, benefits that supplement the statutory benefit requirements of each country in which we operate.
Again, we believe in providing benefits and programs that help our employees in all areas of their lives. See Work/Life Balance for a listing of the programs offered to help employees balance work with personal interest and responsibilities, including flexible work arrangements and concierge services.
All of the compensation and benefits programs and policies described herein may be modified or terminated at the sole discretion of Campbell Soup Company at any time.