"Starting with its coming annual performance reviews, the company said it aims to spend 50% more globally on incentives like bonuses or raises that increase the total take-home pay for some staff compared to the previous cycle. The payouts are reserved for top talent at the company as part of a push to keep them happy and also attract new hires, per the memo."
"The compensation adjustments will be applied across most departments, but not all employees will benefit, as the extra spending is for workers who exceed certain scores in reviews, the memo said. ByteDance informed its staff that the pay increases were designed to meet a moment when the tech industry is facing a slew of new challenges and opportunities, making it crucial to attract and retain talent."
"Pay offers for high-demand tech workers in hot areas like AI have reached astronomical heights this year as companies like Meta have gone on hiring sprees that included nine-figure signing bonuses. Performance reviews are a big focus at TikTok, and the company pushes managers to avoid grading staff at the mid-point, even if their instinct is "to avoid conflict," Business Insider previously reported. Last year, the company adjusted its performance review process to give out more low scores as part of a push to differentiate high performers from weak ones."
ByteDance will increase global spending on incentives such as bonuses and raises by 50% in 2026, starting with the upcoming annual performance reviews. Additional payouts will target staff who exceed specified review-score thresholds and will apply across most departments, though not every employee will qualify. The move aims to attract and retain talent amid heightened competition and rising pay for high-demand tech roles like AI. Performance reviews at TikTok emphasize differentiation, with managers encouraged to avoid midpoint grading and with past adjustments to give out more low scores to separate high performers.
Read at Business Insider
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