Business · Companies · 11 hrs ago

Ricardo Salinas says most Grupo Salinas workers receive performance-linked pay

Ricardo Salinas says most Grupo Salinas workers receive performance-linked pay

Ricardo Salinas Pliego, a Mexican businessman and CEO of Grupo Salinas, has defended linking part of workers’ pay to their performance.

He made the case in an interview on the Tengo un Plan podcast.

Salinas says nearly all of the roughly 200,000 workers linked to his group receive some variable pay.

He says even workers on fixed salaries can receive a bonus.

His approach is meant to make workers feel that greater effort can lead to higher pay.

It reflects a business model that focuses on measuring results and assessing how the company is doing.

The interview gives no indication of any planned change to the pay system.

What people are saying

When you have a worker on a fixed salary, it is the closest thing to a scholarship; people have to feel that if they make more effort, they earn more.
Ricardo Salinas PliegoCEO of Grupo Salinasvia El Confidencial
Almost all of them have variable pay; very few are on fixed salaries, but even those on fixed salaries have a bonus.
Ricardo Salinas PliegoCEO of Grupo Salinasvia El Confidencial
Everyone has a bonus and almost most are directly incentivized in their position.
Ricardo Salinas PliegoCEO of Grupo Salinasvia El Confidencial

Sources

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