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Performance-Based Compensation and Rewards

Qatar Steel uses the Balanced Scorecard system for all departments and operations, setting performance targets that are aligned with companywide business strategy and employee capabilities. We help employees to reach these targets by developing specific and informative job descriptions, which assist employees in understanding their duties and managers in correcting deviations or misunderstandings.

To achieve better organisational performance, Qatar Steel conducts yearly performance appraisals and rewards the best performers with merit increases and bonuses. Employee compensation is calculated according to a basic scheme of salary, bonuses, and awards and recognition. Additional allowances for Qatari and non-Qatari employees are granted when appropriate.

We reward our best-performing employees through different channels, including the QC-Circle reward for best-performing teams, an annual bonus, and HSE-related awards.

Qatar Steel’s Honouring of Longserving Employees In 2014

In 2014, Qatar Steel honoured 131 employees who have served the company for 10, 15, 20, 25, 30, and 35 years, in appreciation of their devoted efforts and dedication. At the end of the ceremony, the honoured employees were awarded certificates of appreciation. Speaking on behalf of the award recipients, administration division manager Kefah Mostafa al-Mulla, one of the honourees, delivered a speech. He extended thanks and appreciation to the company’s top management for its support and encouragement and for creating a dynamic and welcoming work environment, one where mutual respect and friendly employee relations prevail.

‘It is our practice at Qatar Steel to honour long-serving employees, which demonstrates our appreciation of and pride in our personnel, who are the pillars in achieving our sustainable growth and in marching towards progress and development.’ Ali Bin Hassan Al-Muraikhi Managing Director and General Manager