BP is linking employee bonuses to safety

By Phaedra Friend Troy

The new BP chief is linking employee pay to safety performance, reports The Associated Press.

In an effort to reinforce the BP’s (NYSE:BP) commitment to safety, Bob Dudley sent out a statement to employees worldwide, informing them that fourth-quarter bonuses would be awarded solely on safety issues.

The BP head stressed that the company’s priority was to make sure that another tragedy like the Deepwater Horizon accident never happens again.

Instead of linking bonuses to production volumes or processing plant uptimes, the operational employees will be bonused solely on safety.

"The sole criterion for performance reward for our operating businesses in the fourth quarter of 2010 will be performance in safety, compliance, silent running and operational risk management and exhibiting and reinforcing the right behaviors consistent with these goals," Dudley said in the company statement.

Dudley stressed that BP is working to produce a longer term reward system for achieving safe operations.

"For the longer term we need to achieve all of our objectives in safety, compliance and risk management in conjunction with our operational, financial and functional objectives,” the statement read.



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