4 days ago
EY Announces $100 Million Pool to Reward Human Skills
EY is setting aside $100 million to reward employees for important human skills.
These skills include good judgement, teamwork, leadership and adapting to change.
EY expects artificial intelligence to handle more routine workplace tasks.
However, the company says technology alone cannot solve every problem.
Employees will be rewarded when they use AI and other tools to create useful results.
They may also receive recognition for helping colleagues or improving customer service.
The programme has three award levels based on the size and effect of the contribution.
Rewards can range from small spot bonuses to awards of up to $25,000.
EY US has announced a $100 million, or roughly ₹950 crore, rewards programme for employees.
The programme recognises skills such as judgement, adaptability, leadership and collaboration that EY says AI may not easily replicate.
Employees can be recognised for using technology effectively, improving client service or strengthening workplace culture.
Awards will cover everyday leadership, measurable transformation and game-changing enterprise impact.
Employees may receive spot bonuses of up to $500, while larger awards of up to $25,000 may go to individuals or teams.
- Who
- Ernst & Young, known as EY, and its employees.
- What
- EY US announced a $100 million rewards programme for employees who combine technology use with valuable human skills and meaningful results.
- Where
- The programme was announced by EY US and applies across EY professionals, according to the article.
- When
- EY US unveiled the programme on August 31; the year is not specified in the article.
- Why
- EY wants to prepare employees for a workplace where AI handles more tasks while human judgement, leadership, adaptability and collaboration remain important.
Key facts
- Organisation
- Ernst & Young (EY), one of the Big Four consulting firms
- Programme value
- $100 million, approximately ₹950 crore
- Announcement
- Unveiled by EY US on August 31
- Award categories
- Everyday leadership; transformation that drives measurable results; game-changing impact for the enterprise
- Smallest stated award
- Spot bonuses of up to $500
- Largest stated award
- Awards of up to $25,000 for significant individual or team achievements
- Recognised skills
- Judgement, adaptability, leadership, collaboration and effective technology use
Quotes
EY press release
The company announcement describing the first award category.
“Transformation that drives measurable results: Rewards individuals whose contributions drive meaningful change through innovation, disruption, technology or growth.”
livemint.com
“Game-changing impact for the enterprise: Honors individuals or teams whose actions make a long-lasting, material impact on the firm.”
livemint.com
Sources
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