Amazon is boosting its average starting pay to $18 an hour, according to a report
Amazon said it has raised its average starting wage to $18 and hour in the U.S.Amazon plans to hire an additional 125,000 workers and in some locations, Reuters reported citing company executive Dave Bozeman.
The company is offering signing bonuses of $3,000—triple of what it offered in May—as it looks to lure new employees in a tight labor market. Bozeman claimed that Amazon’s hike in compensation is driven by fierce competition and comes on the heels of the companyHe added that the company will maintain a minimum wage of $15 an hour.that the company also plans to recruit over 55,000 tech and corporate employees globally.$16.40.
earlier this month. Walmart said it was raising wages for 565,000 workers as it looks to attract and retain employees.Amazon’s hike in wages comes at a time when several employers—particularly those in the retail, restaurant and hospitality businesses—face a labor shortage. Last Thursday, weekly jobless claimsof 310,000 while in August the unemployment rate dropped to 5.2%, down from 5.4% in July.
on job growth. The study noted that more workers were staying home due to a combination of factors including lack of access to child care, pandemic-related health concerns and fatigue working in stressful, low-paying jobs.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon hikes average U.S. starting pay to $18, hires for 125,000 jobsAmazon.com Inc has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse and transportation workers, an executive told Reuters.
Read more »
Amazon lifting the working class with higher wages, new 'factory towns'From an $18 hourly wage to the 'new factory town,' Amazon is taking the lead on lifting up America's working class
Read more »
Meet Uruguay’s Fintech Tycoons Powering Payments For Netflix And AmazonFour alumni from Uruguay’s biggest private university started payments firm dLocal together in 2016. Today they are the most successful entrepreneurs in their nation’s history, worth a combined $10 billion.
Read more »
Amazon Has Unveiled Its First Own-Brand TVs - Leaving Rivals With Plenty To Think AboutAggressive prices and straightforward smarts could make for a winning combination
Read more »
19 of the Best Sex Toys You Can Get on AmazonAnd with overnight shipping, no less.
Read more »
The Best Skincare Tools on Amazon — As Recommended by Derms & EstheticiansStarting at just $9. 😋
Read more »