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Tech Giants Overhaul Pay: Rewarding Stars, Scrutinizing Underachievers
Tech giants like Amazon, Google, and Microsoft prioritize performance, giving top performers better incentives, while scrutinizing underachievers.
The move is part of a broader tech trend of using performance reviews and compensation to better incentivize high achievers and eliminate underperformers and their drag on the balance book. "High performance is more important than ever to achieve the goals we've set, and so we're making some changes to further reward top contributors," John Casey, Google's vice president of global compensation and benefits, told staff in a memo last week. Not everyone is sold that the shift to crack down on underperformance is here to stay.Peter Capelli, a management professor at the University of Pennsylvania, told BI that many companies follow these trends simply because "others are doing them," cycling through similar changes every decade or so.
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