- The article reviews Stellantis' successfully deployed €6 billion employee rewards scheme to sustain worker satisfaction and performance.
- Stellantis demonstrates a unique approach to acknowledging both global and local victories of its workforce.
- Results show that the rewarding scheme had positive effects on employee motivation and retention.
- The piece concludes with recommendations for the replication of Stellantis' methodology among other industry players and considerations for investors.
Stellantis, a powerhouse in the worldwide automotive realm, experienced a robust growth pattern underpinned by audacious personnel management techniques, directing a precipitous €6 billion toward its workforce since it was established. In 2023 alone, the automotive giant channelled a substantial €1.9 billion into staff bonuses, signifying their deep-seated faith in and reliance on their employees' effort and commitment.
This extensive financial reward system, though seemingly lavish from an outsider's stand, was developed as an intentional strategy grounded in the principles of motivational theories. Anchored by the 'Expectancy Theory' which argues that an individual's behavioural choice arises from their anticipation of a good outcome, Stellantis' hefty financial rewards for its staff were carefully constructed to infuse a sense of solidarity and instigate motivation across the workforce.
Comments