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Boeing Says Employees' Incentives to Be Based More on Safety, Quality Metrics
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Boeing Says Employees' Incentives to Be Based More on Safety, Quality Metrics
Mar 8, 2024 8:06 AM

10:42 AM EST, 03/08/2024 (MT Newswires) -- Boeing ( BA ) is revamping its annual incentive plans for employees to link these more to safety and quality metrics than to financial goals, a company spokesperson told MT Newswires on Friday.

The new incentive plans, announced in an all-employee meeting Wednesday, will still be based on both operational and financial goals, but "operational goals will be exclusively focused on safety and quality" starting this year, the spokesperson said, citing information from the meeting and internal memos.

For Boeing Commercial Airplanes employees, operational safety and quality metrics will now comprise 60% of their annual incentive score, compared with 25% for operational metrics including factors other than safety and quality in the previous years, according to the company's emailed comment. These metrics include employee safety, traveled work, rework and completing work needed to deliver airplanes in inventory.

At Boeing Defense, Space and Security, and Boeing Global Services, operating metrics will still account for 25% of the business unit scores but will also focus exclusively on safety and quality, the company added.

All employees will also be required to complete product safety training and new quality management training programs by yearend as a prerequisite for any incentive, the company said.

"It's very, very important to drive the outcomes that we're all committed to, and that's to deliver a safe and quality product to our customer," Boeing ( BA ) Chief Operating Officer Stephanie Pope said during the all-employee webcast.

Price: 202.95, Change: -0.08, Percent Change: -0.04

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