Amazon raises the base salary limit to $ 350,000 for corporate, technology workers
Circle Squared Alternative Investments Jeff Sica provides analysis of Amazon’s Varney & Co. ‘market report
Amazon is boosting the maximum base salary of its corporate and technology workers, more than doubling the salary cap from $ 160,000 to $ 350,000 as part of a plan to increase competitiveness in the tight labor market.
Close-up of sign with logo on the facade of the regional headquarters of the e-commerce company Amazon in Silicon Valley City Sunnyvale, California, October 28, 2018. (Photo: Smith Collection / Gado / Getty Images) (Smith Collection / Gado / Getty Images / Getty Images)
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 3,158.71 | +5.92 | +0.19% |
SOME AMAZON PRIME MEMBERS COULD PAY MORE THAN $ 139 IN LAST PRICE INCREASE
In an internal blog post obtained by FOX Business, the e-commerce behemoth announced the transition to employees, noting that the company would increase wages “for most jobs globally” and that the increases are “much more significant” than before.
“The last year has been a particularly competitive job market, and by doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive to attract and retain top talent, we decided to make significantly larger increases to our business. compensation levels than we do in a typical year “, it is stated in the post.
An employee wearing a protective mask scans a package at an Amazon.com Inc. Filling Center in Kegworth, UK, Monday, October 12, 2020. (Photographer: Chris Ratcliffe / Bloomberg via Getty Images) (Chris Ratcliffe / Bloomberg via Getty Images / Getty Images)
AMAZON WORKERS AT ANOTHER STATE ICELAND WAREHOUSE CONDITIONS FOR UNION ELECTIONS
According to GeekWire, which first reported on the note, the base salary increase will “bring Amazon’s base salary more in line with other major technology companies, including Google, Facebook, Apple and Microsoft.”
Amazon’s move for corporate employees is the latest in a series of attempts to attract and retain workers since CEO Andy Jassy took over in July last year.
The exterior of The Spheres is seen at Amazon.com Inc. headquarters on May 20, 2021 in Seattle, Washington. (Photo by David Ryder / Getty Images) ____ Andy Jassy, CEO of Amazon Web Services, Speaks at the WSJD Live Conference in Laguna Beach, Califo (Photo by David Ryder / Getty Images | REUTERS / Mike Blake / Reuters Photos)
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In September, the company announced that it would offer free college tuition to more than 750,000 hourly employees, and in November, Amazon launched a tool that allows military spouses employed by the company to transfer positions within the company when they move on military orders.
