SEBASTIAN WETZEL

SEBASTIAN WETZEL

SEBASTIAN WETZEL

Head of Global Compensation & Benefits – SIEMENS ENERGY

About

At Siemens Energy, Sebastian Wetzel is responsible for Compensation & Benefits globally. In this position he, amongst others, drives the design and group-wide implementation of short- and long-term (equity-based) compensation instruments and processes for executives and employees. Before joining Siemens Energy, Sebastian has been responsible for Compensation & Benefits, People Analytics and Governance at Bilfinger SE. He started his career at hkp/// group, an international HR consultancy where he advised companies particularly in questions of executive and non-executive compensation as well as strategic talent and performance management. Sebastian Wetzel holds a M.Sc. from the University of Mannheim with a major in strategic management.

Incentives do work – but not always as intended! There are countless approaches on designing effective pay packages, but there is no doubt that Compensation & Benefits do matter to individuals. C&B at Siemens Energy means rethinking traditional systems to enhance fairness, transparency, and performance-orientation. By leveraging data, we empower managers to make informed decisions, contributing to employee engagement, performance and ultimately company success.

Sessions​

May 15, 2024 11:10 AM

Behind the Paycheck: An Experimental Journey into Siemens Energy’s Compensation Processes

Discover how data can transform managerial decision-making and promote fair compensation practices. This presentation will delve into the findings from our innovative field experiment, highlighting the power of timely and accurate information in ensuring equitable pay for all employees. Key Questions:

  • What drives pay satisfaction of employees?
  • How does providing managers with tailored information affect their pay decisions and does it apply to male and female managers equally?
  • How can you integrate these findings into your compensation processes to enhance effectiveness and fairness?

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