Home / Business and Economy / Ford Boosts Bonuses to 130% on Quality Surge
Ford Boosts Bonuses to 130% on Quality Surge
11 Feb
Summary
- Ford employees to receive 130% companywide bonuses.
- Bonuses tied to improved initial vehicle quality metrics.
- Quality metric shows best performance in a decade.
Ford Motor Company has announced that its companywide bonuses for salaried employees will be set at 130%. This decision comes as the automaker has successfully met its goal of enhancing vehicle quality. CEO Jim Farley conveyed this news to employees, attributing the higher payouts primarily to a notable improvement in initial vehicle quality, a key metric assessing the need for repairs within the first 90 days of a vehicle's ownership.
This quality performance marks the best the company has achieved in the last decade. Ford's bonus structure is tied to annual metrics, with figures above 100% indicating that company objectives have been exceeded. The bonuses apply to approximately 75,000 global salaried workers, though individual performance can adjust the final amount. This focus on quality and financial performance represents a shift from previous years' objectives, which included EV sales and connected services growth.
