article thumbnail

Volkswagen Targets €4B in Cost with Wage and Bonus Cuts Amid Economic Pressure

HR Digest

These include cut in bonuses for top-tier employees, reducing additional payments for employee anniversaries, and exploring possible closures of some German production sites. Volkswagen said it will offer extended-range versions that include a small gasoline engine. The full EV versions will offer up to 350 miles on a charge.

Bonuses 52
article thumbnail

Employee value proposition in action: Compelling real-world examples

Business Management Daily

Compensation includes the employee’s hourly wage or salary, along with added forms of payment like commissions or bonuses. This personal autonomy and unique career development offer one way for Google to differentiate its EVP from other major tech companies competing for top engineering talent.

Salary 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why You Need a Total Compensation Report: Unveiling the Hidden Value for Employees – Includes a Free Sample

COMPackage

Other Compensation: This can include items like company-provided equipment, professional development opportunities, or profit-sharing bonuses. The information relevant for an engineering manager will differ from that of a customer service representative. Customization is Key: Consider the specific needs of different employee groups.

article thumbnail

Best Benefits for Engineering Firms

Winston Benefits

Engineering firms often face double the difficulty when recruiting: They need people with strong tech skills, and people with strong craft skills. Here are some of the top benefits among engineering firms. Multiple compensation options are common at many engineering firms, which like to reward innovation among employees.

article thumbnail

Stanlow Oil Refinery workers accept 300% bonus pay increase

Employee Benefits

The 450 employees operating under the National Agreement for the Engineering Construction Industry, work for several different contractors at the site. This victory at Stanlow further demonstrates how Unite’s relentless commitment to jobs, pay and conditions is delivering genuine financial benefits for workers in engineering construction.”

Bonuses 52
article thumbnail

Intuit Layoffs Set to Move Forward—AI Ambitions Lead The Way

HR Digest

The company is also giving employees time to reach their vesting date for Restricted Stock Units (RSUs) and making good on any bonuses they are eligible to receive on Individual Incentive Plans (IPI). Similar support will be extended to other countries depending on local regulations.

article thumbnail

Payscale

HR Lineup

Users can search for specific jobs or industries and view detailed information on median salaries, bonuses, and benefits, as well as data on job satisfaction and career advancement opportunities. The site has a job search engine that allows users to search for jobs based on location, industry, and job title.

Salary 130