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Amazon Is Eliminating Bonuses, Stock Awards to Help Pay for Raises (bloomberg.com)
Amazon is eliminating monthly bonuses and stock awards for warehouse workers and other hourly employees after the company pledged this week to raise pay to at least $15 an hour, Bloomberg reported Wednesday. From a report: Warehouse workers for the e-commerce giant in the U.S. were eligible in the past for monthly bonuses that could total hundreds of dollars per month as well as stock awards, said two people familiar with Amazon's pay policies. The company informed those employees Wednesday that it's eliminating both of those compensation categories to help pay for the raises, the people said. Amazon received plaudits when it announced Monday that the company would raise its minimum pay. The pay increase warded off criticism from politicians and activists, and put the company in a good position to recruit temporary workers for the important holiday shopping season.
Bonuses don't work better for salaried employees - they work better for employees already making enough and can then treat it as an actual BONUS. Ya know, instead of something they need to pay for food or rent
You can get rich if you own a politician, but you have to be rich to buy one in the first place.
Yes, indeed, people mostly prefer being told what they will make, instead of a "we will maybe pay you more if we feel like it, or maybe not, we'll let you know later" salary
Everyone gets paid the same regardless of productivity? This should be good news for those advocating the $15/hr minimum wage.
Yep. Defining "productivity" is at the whim of the employer, and "paying for productivity" is a well-proven strategy for lowering wages.
In most businesses, the things that reduce productivity are screw-ups by management, not by the people actually doing the work.