Total Rewards

Total Rewards

Libbey has defined an overall rewards strategy called the "Total Pay Plan". It is grounded in the Company's values and is designed to:

  • Encourage Libbey employees to continuously improve performance
  • Promote the concept of ownership - in the Company and of individual associate results
  • Provide flexibility to support workforce goals and respond to dynamic business needs
  • Allocate resources to maximize value
  • Encourage and reward the right behaviors
  • Promote and support a focus on the customer - both external and internal
  • Support Libbey's goal to be a high performance company

Components of the Total Pay Plan include compensation, health and welfare benefits, retirement benefits, a stock purchase plan, paid time off, and developmental opportunities.