25 votes

Amazon eliminates monthly bonuses and stock grants after minimum wage increase

2 comments

  1. [2]
    Algernon_Asimov
    Link
    I am totally in favour of moving from an incentive-based rewards system to regular weekly/fortnightly/monthly compensation. But Amazon should be careful that its employees don't lose money during...

    I am totally in favour of moving from an incentive-based rewards system to regular weekly/fortnightly/monthly compensation. But Amazon should be careful that its employees don't lose money during this transition.

    However...

    Several Amazon warehouse employees have criticized the move, stating they would actually be losing thousands in incentive pay.

    "We can confirm that all hourly Operations and Customer Service employees will see an increase in their total compensation as a result of this announcement."

    ... this looks like a "we said, they said" situation. There appears to be no actual evidence about whether the new pay rates are high enough to compensate employees for the loss of their bonuses.

    9 votes
    1. MimicSquid
      Link Parent
      Two things: 1: Not everyone who works for Amazon is an "employee", but the word is often used for contractors that are actually being paid through some third party, which muddies the waters...

      Two things:

      1: Not everyone who works for Amazon is an "employee", but the word is often used for contractors that are actually being paid through some third party, which muddies the waters further regarding the actual compensation available to someone who is working in an Amazon warehouse.

      2: I don't see why Amazon would be worried about paying less. Given their incredibly practical/cold-blooded nature they may be happy to get both a PR win and save money. They've shown no indication of caring about the happiness of their workforce before now.

      5 votes