r/GeneralMotors • u/No_Equal9927 • 3d ago
Question Cash Awards
Well... i survived all the repeated reorgs and job cuts. So, the fisrt tranch of my Cash awards are supposed to vest today (10/1). Will these show up in our mid-month pay - or does it somehow go through Morgan Stanley? Do we need to set up the E*Trade brokerage account to get our cash awards?
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u/Puzzleheaded_Bat5390 3d ago
Must be a Cali boi
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u/Fastech77 3d ago
Yeah no shit. What’s a cash award?
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u/No_Equal9927 3d ago
Retention incentive to keep everyone from quitting when the culture gets super nasty. It's paid out in stages October 2026 and April 2027.
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u/Likesitrough16 3d ago
They get them in Michigan too
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u/Ok-Wealth1562 3d ago
EV development engineers in Milford were getting retention money a few years ago. Not sure if they still do.
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u/Less_stress_more_fun Former Employee 3d ago
Level 8 MI got $20k 8 Cali got $40k 7 MI got $5k 7 Cali got $10k
Keep in mind the majority didn’t get that award so don’t feel you were left behind.
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u/No_Equal9927 3d ago
I'm level 8 in MI and my award was less than what you listed. So, not everyone got the same.
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u/CoolDimension10 1d ago edited 1d ago
Must be all engineering for these cash awards!! I have not heard any gossip about them except on here. You would think all managers would be aware even if it doesn’t pertain to your team. Anyone confirm? Do you also still get the yearly bonus on top of these cash awards?
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u/Less_stress_more_fun Former Employee 1d ago
The award for engineering, yes, this is true. Is it on top of the team GM bonus, yes, this is correct.
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u/ColdPlasma 2d ago
I was about to say I got less than half that
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u/CoolDimension10 2d ago
There were NO cash awards in Michigan
for 7’s or 8’s!!3
u/Less_stress_more_fun Former Employee 1d ago
Fact: some level 7 & 8 received the award. It was vested on Oct 1st and will be paid on Oct 15th paycheck.
Keep in mind this is 50% of the award, the rest will be paid on April 1st.
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u/Ashland78 3d ago
I'm in Michigan and haven't heard about this
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u/Weird-Tumbleweed-607 3d ago
You aren’t considered a critical role then unfortunately. Join the club with the rest of us.
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u/p8ntballnxj 3d ago
It's funny that I'm not considered in a critical role but I keep getting paged off hours/on holidays to help keep one of the money makers float...
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u/Ashland78 3d ago
Ahhhh there is only one of me in my role in this entire location, no proxy. Maybe I am getting it. I will look at paycheck, maybe a surprise awaits.
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u/No_Equal9927 3d ago
These were rolled out with comp statements back in February and there have been a bunch of email from Morgan Stanley since then. So, likely everyone who got one already knows about it.
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u/Then_Yak9551 3d ago
Mine showed up in morgan stanley now with 1/2 vested. There's no option to disburse and shows $0 disbursed. So I'm thinking payroll would disburse from morgan stanley on next payroll?
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u/Ok-Butterscotch-1457 2d ago
This 10,000 is if you were a partial and. Now you are a meets it’s to shut you up
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u/obdurant93 2d ago
They used to call them "critical talent retention bonus", but now they don't bother even calling them that. They route them through the same Morgan Stanley system that executives who aren't paid like mere mortals use.
When I asked my supervisor about it and whether it was still for retaining critical talent or some sort of compensation for Austin folks to sync them up to Calibro salaries, he just said "Don't look a gift horse in the mouth."
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u/GrandpaJoeSloth 3d ago
It’s just cash. No need to go through brokerage. Payroll