Saskatchewan Wheat Pool has reached agreement with its Alberta and Manitoba-based employees that recognizes their contributions to business performance through an innovative compensation program. The deal is part of a first collective agreement for employees in Alberta and Manitoba, who work at the Pool’s new AgPro operations. The employees are represented by the Grain Services Union (GSU).
“Because of our employees’ efforts, the Pool is on-track to achieve long-term and sustainable growth,” says Len Posyniak, Vice-President Human Resources & Communications. “The Pool welcomes the opportunity to reward AgPro employees in Manitoba and Alberta for their commitment to our business plan. They will receive incentive pay when the company achieves certain financial objectives under a plan similar to the one used to determine incentive pay for management. Employees who qualify will also receive raises based on performance, again under a similar formula that is used for management’s performance-based pay.”
The agreement is retroactive to October 1, 2001 and covers about 115 employees. In addition to the incentive pay program, the agreement includes wage increases totaling 4.0% over three years, flexible work hours and provisions to retain a high performance work force by filling vacancies based upon the merit, ability and qualifications of employees. Seniority is the determining factor when equally qualified employees are involved.
“This agreement will provide ongoing opportunity for AgPro and its employees to work together to address the changing competitive environment,” Posyniak says. “We have greater ability to adjust our workforce to meet local market conditions and retain the best person for the job. By having the right person in the right job, everybody benefits, from colleagues to customers who will know they are dealing with a knowledgeable and experienced team. Employees’ performance will be recognized through competitive compensation and benefit programs, as well as opportunities for promotion.”
Posyniak says a similar incentive pay program has been offered to Saskatchewan-based employees, however the GSU has not agreed to the terms as of yet.
Saskatchewan Wheat Pool is a publicly traded agri-business co-operative headquartered in Regina, Saskatchewan. Anchored by a prairie-wide grain handling and agri-products marketing network, the Pool channels prairie production to end-use markets in North America and around the world. These core business operations are complemented by food processing and value
added businesses that allow the Pool to leverage its pivotal position between prairie farmers and destination customers. By developing strategic partnerships and supply agreements, the Pool is expanding market opportunities for agri-food products. The Pool’s Class B shares are listed on the Toronto Stock Exchange under the symbol SWP.B.