Amazon More Than Doubles Max Base Pay for Corporate and Tech Workers
Amazon.com will boost its maximum base pay to $350,000 for corporate and tech employees, from $160,000 previously, as part of an overall increase in total compensation intended to help recruit top talent and retain existing employees. The move promises to bring Amazon’s base pay more in line with other big tech companies, including Google, Facebook, Apple, and Microsoft. Historically, Amazon has kept its base pay lower than many of its peers have, making up the difference with restricted stock units and cash compensation such as a sign-on bonus, paid over two years. Those additional components of compensation will remain in place.
Total Retail's Take: So much attention has been placed on the labor shortage impacting hourly positions within retail organizations (e.g., store associates, warehouse staff) that a dearth of talent in corporate and white collar positions, particularly in technology roles, has gone largely under the radar. However, as many retail organizations, hiring managers and HR recruiters know, the problem is no less severe within corporate environments. Amazon recognizes the war for talent extends beyond stores and warehouses into corporate offices, and as such is taking the necessary steps to make it a more attractive place to work for both potential hires and existing employees. In order to not only maintain its position as the online retail leader, but grow its market share in an increasingly competitive arena, Amazon is wisely investing in people.
Joe Keenan is the executive editor of Total Retail. Joe has more than 10 years experience covering the retail industry, and enjoys profiling innovative companies and people in the space.