New rules to match new goals
It is $1,000 per every $1 billion in annual EBIT, or pretax profits for North America. About 45,000 U.S. hourly workers will receive a profit-sharing check of up to $12,250 for last year, GM reported last month.
Feb 22, 2024
People also ask
How much will GM employees get for profit-sharing in 2024?
What is GM profit in 2024?
How much is GM profit-sharing this year?
What is the profit-sharing bonus for GM?
Feb 22, 2024 · In the new formula, 60% of a salaried employee's bonus will be based on GM's operating income and free cash flow and 40% will now include the ...
Feb 21, 2024 · This year, approximately 45,000 U.S. hourly workers will receive up to $12,250 in profit-sharing.
Feb 23, 2024 · GM is changing its plan to calculate bonuses for salaried workers to account for EV performance, software and services, and autonomous ...
Nov 4, 2023 · The teamGM bonus will be paid your second paycheck in February (February 28, 2024). Since you joined in May, it will be pro-rated for the months ...
Jan 31, 2024 · According to a report from Detroit Free Press, approximately 45,000 U.S. hourly workers will receive a profit-sharing check of up to $12,250, ...
Jan 30, 2024 · The GM-negotiated formula with the UAW for profit-sharing checks is $1,000 per every $1 billion in annual earnings before interest and taxes, or ...
Feb 22, 2024 · GM changes its bonus plan for salaried workers in 2024: What new formula means. freep.com. 16 ...
Feb 23, 2024 · For 2024, 60 percent of salaried employees' bonuses will come from earnings before interest and taxes and free cash flow, while 40 percent ...
Feb 25, 2024 · ... bonuses for 2024. The report also says that 60 percent of salaried worker bonuses will come from free cash flow and earnings before interest ...