Amazon doubles base pay to $350,000 for corporate workers

Amazon doubles base pay to $350,000 for corporate workers

Amazon is more than doubling its maximum base pay to $350,000 for some corporate and tech employees. The company cited increased competition for tech talent as the reason for the raises. According to an internal memo, the tight labor market has pushed Amazon to raise corporate employees' pay higher and faster than it normally would. The company said it is "increasing overall compensation ranges for most jobs globally, and the increases are much more considerable than we've done in the past."

"This past year has seen a particularly competitive labor market and in doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive for attracting and retaining top talent, we decided to make meaningfully bigger increases to our compensation levels than we do in a typical year", the memo said as reported by GeekWire.

The raise does not mean that all corporate employees will see an immediate pay hike. Rather, this move gives the company more flexibility to raise some workers' pay where workers feel increasingly empowered to go elsewhere. 

Source: CBS News 

You might also like

For several reasons, the IT sector is appealing to job seekers. ...Read more

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Articles

Americans live paycheck to paycheck, making it difficult to leave their current employer. All thing ...Read more

With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...Read more

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more

Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...Read more