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Amazon More Than Doubles Corporate Employees' Base Salary Cap to $350K
BY AARON MCDADE ON 2/7/22 AT 5:58 PM EST
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Amazon, citing a competitive labor market, has raised its cap on corporate employees' base salary to $350,000, a figure that more than doubles the previous cap of $160,000.
The previous cap was paired with stock compensation, which vested over the course of several years at the company. It is unknown if the higher cash salary cap will affect the other portions of that compensation package, according to The New York Times.
The increases reported Monday cover corporate and technology workers, and there have been no announced increases to the pay of warehouse workers and delivery drivers, who earn an average of about $18 per hour, the Times reported.
This is a developing story and will be updated when more information becomes available.
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Amazon has doubled the base salary cap for corporate and tech employees to $350,000, it was reported Monday. Above, a close-up of the company's logo on the facade of its regional headquarters in the Silicon Valley town of Sunnyvale, California, is pictured on October 28, 2018.SMITH COLLECTION/GADO/GETTY IMAGES
Amazon More Than Doubles Corporate Employees' Base Salary Cap to $350K
BY AARON MCDADE ON 2/7/22 AT 5:58 PM EST
Loaded: 100.00%
Amazon Driver Makes Delivery As Tornado Sirens Wail In Nebraska: 'That Is Ridiculous'
SHARE
Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on FlipboardShare via EmailComments
NEWSAMAZONLABOR
Amazon, citing a competitive labor market, has raised its cap on corporate employees' base salary to $350,000, a figure that more than doubles the previous cap of $160,000.
The previous cap was paired with stock compensation, which vested over the course of several years at the company. It is unknown if the higher cash salary cap will affect the other portions of that compensation package, according to The New York Times.
The increases reported Monday cover corporate and technology workers, and there have been no announced increases to the pay of warehouse workers and delivery drivers, who earn an average of about $18 per hour, the Times reported.
This is a developing story and will be updated when more information becomes available.
NEWSWEEK NEWSLETTER SIGN-UP >
Amazon has doubled the base salary cap for corporate and tech employees to $350,000, it was reported Monday. Above, a close-up of the company's logo on the facade of its regional headquarters in the Silicon Valley town of Sunnyvale, California, is pictured on October 28, 2018.SMITH COLLECTION/GADO/GETTY IMAGES
