Core Insights - A shift is occurring in workplaces where performance reviews are being replaced by standardized annual pay raises, referred to as "peanut butter" increases [1] Group 1: Trends in Compensation - More employers are opting for across-the-board salary increases rather than performance-based raises, with less than half of organizations planning to continue merit-based pay increases [4] - Payscale estimates that base pay will increase by an average of 3.5% in 2026, which is lower than the 4.8% average increase seen in 2023 [2] - Pay increases vary by employer size, with larger firms (over 5,000 employees) averaging 3% increases, while smaller firms (under 100 employees) average 4%, and some industries like construction and technology seeing increases of up to 5% [3] Group 2: Reasons for Change - The trend away from performance-based pay is attributed to the historical bias and poor predictive power of performance reviews regarding actual performance outcomes [6] - Companies like Starbucks have already implemented flat pay increases, indicating a broader movement towards this compensation strategy [5]

Core Viewpoint - Tesla shareholders are voting on a proposed pay package for Elon Musk that could be worth up to $878 billion, which includes performance metrics that must be met for Musk to unlock more shares and compensation [2][4]. Group 1: Pay Package Details - The proposed pay package is structured in tranches, similar to a previous package that was rejected by a Delaware court [2]. - If approved, the package could increase Musk's stake in Tesla to over 25% [2]. - Key performance metrics include delivering 20 million Teslas, deploying 1 million robo-taxis, and deploying 1 million humanoid robots [3]. Group 2: Support and Opposition - Supporters of the pay package include Elon Musk and investment firms like Arc Invest and Bearing Capital, who believe that meeting the metrics will benefit all stakeholders [4]. - Opponents, including various retirement and pension funds, argue that the package lacks sufficient accountability measures regarding Musk's political activities and time commitment to Tesla projects [4]. Group 3: Historical Context - The previous pay package announced on January 23, 2018, faced skepticism, but Musk ultimately met all performance metrics, leading to significant increases in Tesla's share price [5]. - The outcome of the current shareholder vote is expected shortly after the meeting begins at 4 PM [6].