2 days Ago By Coco Feng
The Beijing-based social media giant, which hires roughly 110,000 workers globally, decided to give more stock options to those who attain a performance rating of “M+” or above in the next review cycle, which begins in January, according to an internal letter sent on Tuesday that was seen by the South China Morning Post and confirmed by ByteDance staff. An M+ rating, which stands for “above expectations”, is the fourth-highest score on a scale of eight. It is awarded only to a small portion of the staff and has become harder to attain recently, according to two employees, who declined to be named.
On Tuesday, the company told employees it would increase “the upper limit” of bonuses given to high performers, without providing details..
