Amazon has more than doubled its maximum basic salary from 18 million yen to 40 million yen, because of 'intensifying competition in the labor market'
Amazon has raised the basic salary limit for full-time and technical staff from $ 160,000 to $ 350,000. According to the company, 'to acquire and retain excellent human resources against intensifying competition in the labor market.'
Amazon more than doubles max base pay to $ 350k for corporate and tech workers, citing labor market --GeekWire
Amazon to increase base pay cap to $ 350,000 --The Washington Post
https://www.washingtonpost.com/technology/2022/02/07/amazon-base-pay-increase/
Amazon is one of the big tech giants in the American IT world called Big Tech , but the company has set a lower basic salary than other big tech such as Google, Facebook, Apple, Microsoft, etc. Our corporate culture has been to pay a lot of bonuses and enhance welfare programs.
However, it is reported that Amazon has newly notified the company that the upper limit of the basic salary will be more than doubled. According to the explanation attached to this Circular, 'In 2021, the labor market is particularly competitive, and we will thoroughly analyze various options and acquire excellent human resources in consideration of the importance of business economics. After considering the need to maintain it, we decided to raise the compensation level significantly more than usual. '
Regarding the competition for human resources of major IT companies, Amazon has a bad flag, and there is a section where the turnover rate exceeds 35%. The company has decided to raise the basic salary limit this time, but stocks, bonuses, benefits, etc. that were considered to be superior to other companies have been left unchanged, and with these options and the raised basic salary this time, human resources acquisition We plan to regain the competition.
Amazon's operating profit in 2021 is halved compared to 2020, and the stock price has fallen by 15% from the peak in July 2021. In addition, since it is the 'upper limit' of the basic salary that was raised this time, how the actual salary fluctuates will differ depending on the individual.
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in Web Service, Posted by darkhorse_log