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Tesla vs. GM + UAW
Tesla vs. GM + UAW - Raw Notes
Tesla vs. GM + UAW #2 - Raw Notes
Union Jobs - Raw Notes
Tesla vs. GM + UAW - 2023 - Raw Notes
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Tesla vs. GM + UAW - 2023 - Raw Notes

Tesla Compensation Structure

Tesla factory workers are compensated with a base salary, performance bonuses, and stock options.
Base salary
Tesla factory workers' base salaries are generally competitive with other companies in the same industry. However, they are not as high as some of the top tech companies, such as Google and Facebook.
Performance bonuses
Tesla factory workers are eligible for performance bonuses based on their individual and team performance. These bonuses can be significant, but they are not guaranteed.
Stock options
Tesla factory workers are also granted stock options, which give them the right to purchase Tesla stock at a predetermined price in the future. If Tesla's stock price increases, the value of these stock options will increase as well.
Tesla's stock options vest over a period of time, typically four years. This means that employees must stay with the company for a certain amount of time in order to receive the full value of their stock options.
Example
Here is an example of how Tesla might compensate a factory worker:
Base salary: $50,000 per year
Performance bonus: $10,000 per year (assuming the employee meets their performance goals)
Stock options: $5,000 per year (assuming the employee is granted stock options)
Total compensation: $65,000 per year
This is just an example, and the actual compensation for a Tesla factory worker will vary depending on their position, experience, and performance.
Additional notes
Tesla factory workers also receive a number of other benefits, such as health insurance, paid time off, and retirement savings plans.
Tesla has been praised for its competitive compensation and benefits for factory workers. However, the company has also been criticized for its demanding work environment and high injury rates.

GM Compensation Structure

GM's compensation structure for union workers is based on a collective bargaining agreement (CBA) between GM and the United Auto Workers (UAW). The CBA outlines the base salary, performance bonuses, and other benefits that GM union workers are entitled to.
Base salary
The base salary for GM union workers is determined by their job classification and seniority. Job classifications are based on the complexity and skill required for the job. Seniority is the length of time that an employee has worked for GM.
Performance bonuses
GM union workers are also eligible for performance bonuses based on their individual and team performance. These bonuses can be significant, but they are not guaranteed.
Other benefits
GM union workers also receive a number of other benefits, such as health insurance, paid time off, and retirement savings plans.
Union dues
Union dues are the financial contributions that union members make to their union. Union dues are used to fund the union's activities, such as collective bargaining, lobbying, and organizing new members.
The percentage of income that GM union workers pay in union dues varies depending on their job classification and seniority. However, the average union dues payment for GM union workers is around 2% of their base salary.
Example
Here is an example of how GM might compensate a union factory worker:
Job classification: Production worker
Seniority: 5 years
Base salary: $50,000 per year
Performance bonus: $10,000 per year (assuming the employee meets their performance goals)
Union dues: $1,000 per year (assuming the employee pays 2% of their base salary in union dues)
Total compensation: $60,000 per year
This is just an example, and the actual compensation for a GM union worker will vary depending on their job classification, seniority, and performance.
Additional notes
GM's compensation structure for union workers is generally considered to be competitive with other automakers in the United States. However, some union workers have criticized the company for its recent decision to reduce the number of union workers in the United States and increase the number of non-union workers in Mexico.
GM has defended its decision to reduce the number of union workers in the United States, arguing that it is necessary to improve the company's competitiveness in the global auto market.

Comparable jobs

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www.glassdoor.com
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www.glassdoor.com
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www.glassdoor.com
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www.glassdoor.com
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Manufacturing leader
GM:
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www.glassdoor.com
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Tesla:
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www.glassdoor.com
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Link to data table

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docs.google.com
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GM + UAW Vs. Tesla - Total Cash Comp - Table
2
Position Type
GM $ - UAW Dues
Tesla $ + Stock
Tesla > GM/UAW
1
Facility Electrician
$86,093.00
$99,152.00
15
2
Assembler
$43,660.00
$52,185.00
20
3
Manager
$103,840.00
$121,331.00
17
4
Cathode Assembly
$84,960.00
$125,245.00
47
5
Software Engineer
$150,424.00
$251,036.00
67
There are no rows in this table
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GM + UAW Vs. Tesla - % Comp Difference
2
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GM + UAW Vs. Tesla - Total Cash Comp
2
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