Tuesday, July 29, 2025

Creating liberating content

A Waymo rider-only robotaxi is seen during a test ride

A previously disclosed hack affecting Tea, a women-only dating advice

Ray-Ban Meta smart glasses on display in the window of

The logos of Bitcoin, Ethereum, and Tether outside a cryptocurrency

Related News

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | Reuters Alphabet’s Waymo unit plans on bringing its robotaxi

A previously disclosed hack affecting Tea, a women-only dating advice app, was more extensive than previously thought, the company said Monday. Tea’s investigation of the incident found that app users’

Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024. Bloomberg | Bloomberg | Getty Images Revenue from

The logos of Bitcoin, Ethereum, and Tether outside a cryptocurrency exchange in Istanbul, Turkey, on Wednesday, Nov. 6, 2024. David Lombeida | Bloomberg | Getty Images The crypto market’s bullishness

The Trump Organization is seeking to prevent some online businesses from hawking counterfeit merchandise promoting President Donald Trump. In a lawsuit filed Friday in U.S. District Court in Florida, the

PayPal said Monday it will allow businesses to accept payments in more than 100 types of cryptocurrencies, including bitcoin and ethereum. Called “Pay with Crypto,” the new service will allow

Trending News

The rupee gave up early gains and settled 18 paise lower at 86.70 against the US dollar on Monday, pressured by persistent month-end dollar demand from importers and caution ahead

China’s decision to ban exports of certain rare earth elements could disrupt India’s domestic production and exports in at least five core sectors, including transport equipment, basic metals, machinery, construction,

The finance ministry has said there is room for further interest rate cuts by the Reserve Bank of India (RBI), as inflation remains comfortably below the central bank’s medium-term target

Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following

NEW DELHI: Shares of major IT companies dropped sharply on Monday after Tata Consultancy Services (TCS) announced plans to reduce its global workforce by 2 percent, cutting around 12,000 jobs.The

Access Denied You don’t have permission to access ” on this server. Reference #18.77fdd417.1753688561.2b7dbc2 Source link

Amazon revamps pay structure: What it means for ‘high-performing’ tech employees

Word Count: 662 | Estimated Reading Time: 4 minutes


Amazon revamps pay structure: What it means for 'high-performing' tech employees

Amazon is changing how it pays employees, focusing more on consistent top performance over time rather than one-time achievements.The new pay structure aims to reward employees who consistently perform at a high level and to reduce bonuses for those with less consistent records.According to an Amazon spokesperson, the new framework “better distinguishes between newer high performers and those who have consistently exceeded expectations for their role and level.”Amazon’s new pay model for ‘high-performing’ employees:Starting in 2025, employees who have received the company’s highest performance rating, “Top Tier,” for four straight years will get 110% of their pay band, up from the previous maximum of 100%, according to internal reports obtained by the Business Insider.However, first-time Top Tier performers will see a drop in their bonus from 80% of their pay range to 70%. Those with two consecutive Top Tier ratings will now receive 90%, slightly down from 100%.According to the internal pay guideline, Amazon wants to create a “steadier compensation progression.”Amazon’s new pay model for first-time achievers include:

  • First-time Highly Valued 3 (HV3) performers will get 40% of their pay range instead of 50%.
  • Employees moving up to Highly Valued 2 (HV2) will get 10%, down from 20%.
  • Those dropping from HV3 to HV2 will still receive 20%.
  • Employees with three straight years of Top Tier will receive 105% of their pay band.

The changes reflect a broader trend among tech companies like Google and Meta, which are also placing more emphasis on similar performance-based compensation strategies, with stricter review policies and reduced rewards for underperformers.Amazon says it will continue to offer the option for employees to take 25% of their new stock awards as cash, helping those who prefer immediate payouts over long-term stock value. Despite the changes, Amazon claims most employees who improved their performance still saw pay raises this year.Managers are not allowed to share individual Overall Value (OV) ratings with employees, so staff often have to guess their standing based on compensation outcomes. Amazon also said it has “multiple channels” for employees to raise concerns about their pay.





Source link

Most Popular Articles