General Motors' Revised Employee Evaluation System

General Motors is implementing a new performance evaluation system for its salaried employees in the U.S., aiming to attract and retain top talent amid ongoing competition in the automotive industry. The new system prioritizes high performers, offering bonuses of up to 150% for the top 5%, which is an increase from previous payouts. This shift is part of GM's broader strategy to enhance accountability and set clearer performance expectations for its workforce, using a five-point ranking scale to assess employee contributions. Legacy automakers like GM are adjusting their compensation frameworks to compete with stock-heavy compensation packages offered by electric vehicle innovators like Tesla.