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The buyouts are part of a broader effort GM outlined in January to cut $2 billion in costs by the end of 2024.

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Intensive self-study and long-term experience (e.g., 15 years in chemical labs with published papers) also may meet the requirements.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Career Growth; ;Employee Recognition; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: Employee Experience;Total Rewards;

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“Whether it’s providing courses, education or tools to help that person advance professionally, [learning and development opportunities] can really help them and keep them motivated and incented,” Hosking said.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Career Growth; ;Employee Benefits; ;Employee Compensation; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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If organizations can quantify candidate assessments — for example, the total years of relevant experience — they can use these inputs via AI to help ensure pay parity as new hires are brought into the organization, Sun said.