Compensation

Compensation is an important component of Williams’ Total Rewards. Some of the components making up our total pay program may include:

Base Pay

Your base pay is cash compensation you receive for work based on your knowledge, skills, abilities and sustained level of performance.

Annual Incentive Pay

Annual Incentive Pay is discretionary compensation designed to focus on teamwork and promote organizational achievement. Your annual incentive is based on business performance in relation to enterprise goals, the incentive opportunity for your specific role and your perfor­mance.

Stock (Equity) Awards

These discretionary awards provide a long-term incentive to motivate and retain select employees who play a pivotal role in creating future success at Williams. They are designed to work along with other pay and benefits programs to reinforce behaviors that enhance shareholder value. Stock ownership provides a direct stake in the company’s success.

Recognition Awards

These awards reward actions above and beyond an employee’s job responsibilities that support Williams’ Core Values & Beliefs, drive business performance improvement and have a positive effect on Williams’ business objectives.