Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo.
Employees of the social media giant, who get a rating of "met most expectations" in their 2023 year-end reviews, will receive a smaller percentage of bonus and restricted stock award due in March 2024, the WSJ report said.
The bonus multiplier for that grade has been cut to 65% from 85% earlier, WSJ said, adding that the company will also restart assessing staff performance twice a year. "We are making changes to our performance process, taking into account learnings and feedback over the last year while optimizing for the future. These changes are not related to workforce restructuring," a Meta spokesperson said in a statement to Reuters, without giving any further details.
Reporting by Shubhendu Deshmukh in Bengaluru; Additional reporting by Lavanya Ahire; Editing by Varun H K
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
WSJ News Exclusive | Facebook Parent Plans Lower Bonus Payouts for Some StaffFacebook's parent plans to lower some bonus payouts and will more frequently assess employee performance, according to an internal memo
Consulte Mais informação »
Motley Fool: Facebook parent Meta is an undervalued growerFacebook parent company Meta Platforms’ (Nasdaq: META) business has struggled over the last year, but the social media giant’s fourth-quarter 2022 earnings...
Consulte Mais informação »
Are Your Digital Platforms Wasting Your Customers’ Time?No one wants digital tools that waste their time. We all want digital experiences to offer time well spent. People engage when smart tools understand them, their situation, and the jobs they want done. But too many companies today are still building digital platforms that waste people’s time. So, what should companies be doing differently? Instead of “moments”, focus on “modes” — the mindset and set of behaviors that people get into temporarily to get a job done; for example, we can be in work mode one moment, and mommy/daddy mode the next. When digital tools can ascertain what mode a customer is in, the intelligence of the tools grows. When people use solutions that recognize their modes, they become more empowered, feel like the tool understands their situation, and feel like their time is well spent. Companies that understand digital context can vastly increase customer engagement. To do so, they need to understand four different types of experiences their tools can yield, ranging from not-smart (technology that just wastes your time) to genius (technology that ultimately feels like time well invested).
Consulte Mais informação »