From Yahoo Finance · · 1m 20s
Amazon raises warehouse pay to $20/hour
Amazon boosts U.S. warehouse pay to $20/hour with new benefits.
In brief
Amazon boosts U.S. warehouse pay to $20/hour with new benefits. Amazon increased minimum starting pay for U.S. warehouse workers to $20/hour, with total compensation over $32/hour including benefits. Originally reported by Yahoo Finance.
Amazon raises minimum pay
Amazon raised minimum starting pay for U.S. full-time core operations employees to $20 an hour on Wednesday, a $1-per-hour increase for front-line workers who sort, pack, and transport orders.
Total compensation rises
Amazon said the typical hourly rate for those workers climbs to nearly $24, and that when benefits are counted, total compensation comes out to more than $32 an hour.
Pay increase over three years
Amazon said its minimum starting pay has risen more than 17% over the past three years.
Holiday hiring surge
According to The Wall Street Journal, Amazon hired 250,000 full-time, part-time, and seasonal workers in advance of last year's holiday period.
New grocery discount
Beginning Oct. 1, all U.S. Amazon employees will receive a grocery discount, 10% off eligible groceries and everyday essentials on Amazon.com and Whole Foods Market online, and 20% off in-store at Whole Foods.
Day 1 Financial launch
Amazon also said it is launching a banking benefit called Day 1 Financial, through which qualified employees and their families can obtain a lifelong membership in First Tech Federal Credit Union.
The takeaway
Amazon increased minimum starting pay for U.S. warehouse workers to $20/hour, with total compensation over $32/hour including benefits.
