E&Y to award $100 million in bonuses for workers who show people skills
Management consulting firm EY said it will reward employees who demonstrate human skills, such as business acumen and judgment.
Ernst & Young (EY) plans to distribute $100 million in bonuses to employees who excel in human skills, such as leadership, judgment, and collaboration. The management consulting firm, a member of the Big Four, emphasized the critical role of nurturing these skills for its future success. EY Americas CEO Dante D Egidio highlighted the firm's commitment to building a workforce equipped with both human and technological abilities to meet the ever-changing demands of the industry.
This substantial investment in worker compensation aims to attract top talent and drive the firm forward in the tech-led, human-powered era. Economists have warned that AI could eliminate certain jobs, particularly those that are routine or entry-level, while also generating new opportunities. However, they also stress that the workers who will struggle the most are those who fail to leverage AI to boost their productivity.
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