General Motor workers will see a historic raise this February. This company in the United States will send an extra check that will mean a big increase in this month’s paycheck. This bonus payment is only for eligible General Motors workers, so not all Americans may see this extra money.
General Motors will make this bonus payment to its workers for the large profit made during the year 2022. Profits have reached as much as $13 billion, a company record.
Now, thanks to the hard work of the employees, General Motors will be able to pay this extra money that will be a relief for many families working at the company.
The bonus payment that the International Union approved in 2019 included an additional payment of $1,000 for every $1 billion in General Motors profits. As profits have reached $13 billion, the bonus will be a record one, as we have already discussed.
Who will receive this bonus payment?
Within General Motors there are two types of workers. Each of these workers will receive the bonus payment in a different way. These are the conditions.
- Hourly workers. This type of workers will receive without any problem the bonus payment of 12,750 dollars this year. This extra money will be for all hourly workers who have all the requirements fulfilled, although that is the majority of them.
- Salaried workers. Unlike hourly workers, salary workers will not receive the bonus. For these types of workers, the bonus will be on a percentage basis, in most cases. The boss or section manager will have to announce it and decide.
So, if you worked at General Motors in 2022, you could receive a check with a big bonus payment. Regardless of your job title and whether you worked hourly or salaried, you will receive this new direct payment.
Any company may have some extra money in checks available to its employees, so it’s a good idea to check that out if you’re not working at General Motors. These bonus payments for company benefits are more common than many people think.
As for the General Motors payment, the company is expected to send it in this month of February. So before the last day of the month workers could have this fantastic extra payment.