Home » HR practices » Comp and Ben @en » H&M: Swedish clothing line sets up a global financial bonus system to increase employees’ commitment H&M: Swedish clothing line sets up a global financial bonus system to increase employees’ commitment Special fund for a special financial incentive system. H&M, the Swedish group, markets clothes and cosmetics in about 2,000 stores in 37 countries. It has about 76,000 collaborators and, in 2009, made about 118,697 million Swedish krona (€12,870M). on September 7th, its CEO, Stefan Persson, announced the creation of a foundation endowed with 4 million H&M shares for a total value of SEK 1bn (€180.5M). then, this fund will receive, each year, about 10% of net profit given to the shareholders each year, i.e. for 2008-2009, SEK 42M (€4.5M(. However, the fund must never account for more than 5% of all H&M shares. It will be used to provide funds for a bonus given to the company’s employees to reward their involvement. Through . Published on 27 September 2010 à 11h09 - Update on 27 September 2010 à 11h09 Resources sson, announced the creation of a foundation endowed with 4 million H&M shares for a total value of SEK 1bn (€180.5M). then, this fund will receive, each year, about 10% of net profit given to the shareholders each year, i.e. for 2008-2009,… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.CommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels