News: Toyota changes salary structure

Compensation & Benefits

Toyota changes salary structure

Toyota Motor Corp. has changed the way it pays factory workers and has moved to a pay-for-performance model. This compensation structure is designed to attract young talent and will apply to approximately 40,000 employees. The pay structure based on seniority has been scrapped.

Toyota Motor Corp. has changed the way it pays factory workers and has moved to a pay-for-performance model. This compensation structure is designed to attract young talent and will apply to approximately 40,000 employees. The pay structure based on seniority has been scrapped.

Read the Hindu Business Line news report here.

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Topics: Compensation & Benefits, #Current, #International

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