724.816.9969 Edgeworth, Inc.
P.O. Box 145
Bradford Woods, PA 15015
Bayer Corporation chooses Edgeworth to help implement compensation program

Pittsburgh, PA - The Chemicals Division of the Bayer Corporation, a multinational conglomerate based in Pittsburgh, has chosen Edgeworth, Inc., a Pittsburgh-based human-capital consulting firm, to help implement its new compensation program, which has been designed in cooperation with Hewitt Associates LLC, a compensation-planning firm headquartered in Lincolnshire, IL.

Edgeworth will facilitate communications to achieve an understanding of everyday supervisory and plant-floor activities. Because the new compensation plan contains a variable pay component that affects the individual worker's paycheck, it is important that all employees first understand the plan so that they can embrace it. This understanding of the plan has been deemed the most important step, given that most employees can be critical and suspicious when any changes are made that affect pay.

Edgeworth has designed a game that will provide an overview of how the plants within the Chemicals Division operate, including cost of materials, labor, inventory issues, and connections between quality and financial success.

As a result of early program successes, Bayer has contracted with Edgeworth to provide financial training, in the form of a customized game, for the entire corporation.

About Bayer Corporation
Bayer Chemicals is an amalgamation of the two former business groups, Basic and Fine Chemicals and Specialty Products. It also includes the organic colorants and inorganic pigments activities of the former Coatings and Colorants Business Group and the subsidiary Wolff Walsrode. The independent subgroup H.C. Starck is also assigned to Bayer Chemicals for organizational purposes.

With 14,500 employees and sales of more than EUR 4 billion, Bayer Chemicals is one of the leading players in the chemicals market. Its core competencies are in Research & Development (R&D) and in the manufacture and marketing of highly differentiated specialty, basic and fine chemicals. An outstanding service portfolio and problem-solving potential make Bayer Chemicals an attractive business partner.

Bayer Chemicals offers a broad product portfolio that extends from basic chemicals and ion exchange resins to cellulose derivatives from Wolff Walsrode.