Employee compensation at Seagate is designed to build and sustain a diverse, high-performing team environment. The company’s compensation strategy focuses on providing base pay that is competitive to local market conditions, supplemented by incentive pay opportunities that reward performance.

Seagate is one of the few high technology companies to provide salary increases in 2002 and 2003 — the height of the recent global high technology downturn — as well as meaningful incentive pay through profit-sharing and pay-for-performance bonuses. This reflects the company’s strong execution despite challenging industry conditions, and is a testimony to the contribution of our people to the company’s success.