The move comes shortly after Ford also updated its system to better reward employees
A new ranking system will give 150% bonuses to the best employees. GM also hopes to pressure low-performance employees to improve or leave. The car company says it wants to create and foster an environment that rewards high-performers. We probably all know someone who doesn’t work hard and scrapes by, doing the bare minimum to keep their job. Similarly, we all know someone who goes above and beyond and is a high-performing employee.
“To ensure GM has the talent needed to achieve our ambitious goals, a more intentional process is required that sets clear expectations for performance and holds people accountable,” the memo reads. In a statement issued to Reuters, a GM spokesperson said the carmaker wants to create a high-performing workforce. “GM is proud to have a culture where we foster and reward high performance, which will help us attract and retain top talent in a competitive industry environment,” they said.
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