10y
Thank you for providing feedback as I really value hearing from our employees. First, you hit it right on the nose as far as we have some great people here at Koch, and the culture and opportunities are what makes us unique as a business. I would echo your sentiment on the Wichita cafeteria as well! In regards to your experience as we continue to grow and expand our company, we have seen some growing pains along the way. We are working hard to ensure that as we scale up, communication is a priority. There are many ideas that we have for improving internal communication and we will continue to push forward on those.
I was disappointed to see that your experience in regards to our compensation philosophy has not been either explained or applied in a way that feels right. I was very glad though to see that you connected well with how we ideally look to reward employees. The objective of our approach to compensation is to motivate employees to maximize their contributions to long-term value creation at our company. We do this by attempting to replicate some of the ways incentives work in the marketplace. Entrepreneurs are rewarded by being allowed to keep a portion of the value they create in society. Likewise, our philosophy is to pay our people based largely on their total contribution to long-term value creation at our company. We work hard to continue to apply this effectively in all areas to help motivate employees, align the interests of employees and the company, attract and retain highly productive employees, help every employee achieve his or her greatest potential and to create a culture of entrepreneurship. I would encourage you to follow up with your supervisor regarding your observations if they are not in line with what I have described above. We can only get better if we continue to reflect on our approach and adjust as needed. Thank you for sharing your feedback and for helping make us better!
~Greg Joerg, Vice President, Technology Solutions for KBS
