The e-Commerce and Technology Group raises the maximum basic salary of office workers and technicians from $ 160,000 to $ 350,000 per year. After the last pay rise in September, package bakers earn an average of about $ 18 an hour, which is more than 30,000 euros a year in full-time work. Wage increases are the result of a tight labor market.
America’s second largest private employer’s plan is in response to the so-called ‘Great Resignation’. In 2021, 47.4 million Americans resigned, 10 million more than the previous year. By comparison, the total working population in December last year was more than 160 million, 4 percent of whom were looking for work. At the beginning of the corona crisis, the unemployment rate was still 14.8 percent.
Amazon’s ‘Great Resignation’ threatens, according to Bloomberg News Agency To strike in a ‘big expedition’After negotiations with various employees, the news agency decides that the employees are ‘burned’. Employees must work “at a breakneck pace and in a cutthroat environment that neglects employees’ personal responsibilities, especially during outbreaks.”
According to Bloomberg, the extraordinary reward system used by Amazon is often cited as the reason for the exit. For a long time, the company tried to attract new employees with stock packages. However, over the past year, the value of those shares has fallen by more than 4 per cent, including the recent re-emergence. This forces the web store to adopt a different strategy to retain employees.
By raising the salary cap, Amazon wants to continue to race to ‘attract and retain the best talent’. Amazon wants to increase salaries for employees in other parts of the world. Last year, the company expanded its staff to more than 300,000. For example, new distribution centers require a lot of new staff. In total, Amazon now employs more than 1.6 million employees. Companies like Microsoft, Apple and Google are also raising their salaries.
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