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HUL in pink of health- Senior management get 3-5 crore bonus


HUL executives get 70-100% bonuses of annual pay as co outperforms in tough economy


MUMBAI: Hindustan Unilever managers this year have taken home bonus payouts about three times the normal, as the company met its internal targets and outperformed the market in a tough economy.
Some executives at the country's top consumer goods maker have been paid over 70% and even 100% of their regular annual remuneration package as performance bonus after its Anglo-Dutch parent Unilever allocated a disproportionately high percentage of variable pay for 2012-13 to South Asia, three senior HUL officials told ET.
 
The payout in a normal year averages 15-20%, they said, adding that internally it is seen as the best in 15-20 years.
The payout is different at various levels in the organisation, with the top level getting the best deal. Bonuses at level 5, which includes HUL MD Nitin Paranjpe, were estimated at 7-10 crore this year while those at work level 4, or those in management positions, took home an average 3-5 crore, officials said.
Both HUL, Unilever Did Well
Managers at work level 3 got around 50 lakh each, according to rough estimates.


The work levels are further categorised into 4A, 4B, 3A, 3C etc. The bonus payouts differ according to seniority and grades at various roles, officials said.
This year, the company is expected to shell out more than double of last year on bonus payouts. Some 5,500 employees will benefit, officials added.
 

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