COMP NEWS – Volkswagen Chattanooga has announced a $3,000 bonus for existing production employees as well as new employees that are hired over the next few months.
To recognize the efforts of its production team as it prepares for electric vehicle assembly, Volkswagen Chattanooga announced today that all production and maintenance team members and team leaders will receive a $3,000 bonus. Additionally, the company will offer a $3,000 signing bonus to production and maintenance team members hired between May 16 and Oct. 31, 2022.
In addition to a $3,000 signing bonus, candidates who relocate to join Volkswagen’s production team will be eligible for a $2,500 stipend. Stipend eligibility is based on IRS regulations.
Volkswagen Chattanooga claims the bonuses will drive top talent employees, round out production in all three shifts, and help meet company demand.
“We intend to be the top manufacturing employer in the area,” said Burkhard Ulrich, vice president of human resources at Volkswagen Chattanooga. “The appreciation bonus for our production and maintenance team members is well deserved. We are on track for the start of ID.4 assembly this summer, a clear testament to our team’s dedication.”
“As we grow our team to help meet customer demand and implement a third shift, we believe the signing bonus and relocation stipend will help us become an even more attractive employer in the region,” said Ulrich. “We’ve also increased our employee referral incentive from $300 to $500. For us, this was an easy decision; some of our best hires have been referred by our team members.”
The company is currently hiring for all shifts at a competitive hourly rate.
The company is hiring production team members primarily for second, third and night shifts. The starting hourly rate for those shifts is $24.40, which includes shift premium and perfect attendance bonus. With wage progression, top-out rates can reach $33 per hour. These are direct hire positions for those with relevant experience.
For more Comp News, see our recent posts.
Comp News is brought to you by CompXL, the flexible compensation software provider that enables mid- to large-size organizations to implement competitive pay structures such as stock-option bonuses and long-term awards.