Posts tagged market competitiveness
Companies are abandoning ‘peanut butter’ raises as pay-for-performance takes over the workplace in the AI era
May 11, 2026 // This disparity between employees challenges the idea behind “peanut butter raises,” which aim to address some of the criticisms with merit raises, namely, that they are subjective and bias-prone, according to Payscale’s report. While across-the-board raises may seem equal on the surface, high performers or AI super users may not see it that way, said Hannah Yardley, the chief people and culture officer at Achievers, a software company that tracks employee recognition and offers rewards.
Stellantis lays off hundreds of temporary workers
January 17, 2024 // Stellantis told FOX 2 in a statement it had laid off 539 temporary workers nationwide as part of a regular analysis of staffing levels. Wilmoth was one of those workers. The statement included "This action will help improve the efficiency, productivity, and market competitiveness of our facilities as we implement our Dare Forward 2030 strategic plan." Part of Wilmoth's feelings of betrayal are also directed at the UAW, the organization she picketed alongside during the union's strike against the Big 3 automakers. When she sought out answers from her Local 140 Union about why she was being let go, she wasn't given an answer she liked.