Amazon says wage hike ‘more than compensates’ for loss of bonuses

Post by abtinf » Thu, Oct 11, 2018, 3:32 PM UTC

behringer wrote: post #6

kpwags wrote: post #3

I can understand some of the frustration, especially for those making just shy of $15 before the raise, but even if the raise is only from $14 to $15, that still is around $2,000/yr (assuming 40 hour work week) that is guaranteed the way a bonus generally isn't. I would almost always prefer a raise over a one-time bonus for that exact reason. In my experiences, I can't always count on my company giving me a yearly bo…

That's all well and good, but Amazon replaced their bonuses for raises and then pretended like they were giving everyone an actual raise when in fact, some people could end up getting a pay cut.

Post by kss238 » Thu, Oct 11, 2018, 3:34 PM UTC

behringer wrote: post #8

sys_64738 wrote: post #4

Are bonuses incentivized? What is that incentive and how will it impact Amazon's business now it's gone?

They were generally not incentivized, but had a 2 year vesting period. That kept people working at Amazon longer for that extra few grand.

Post by [deleted] » Thu, Oct 11, 2018, 3:36 PM UTC

abtinf wrote: post #11

behringer wrote: post #6

Earlier quoted context omitted.

That's all well and good, but Amazon replaced their bonuses for raises and then pretended like they were giving everyone an actual raise when in fact, some people could end up getting a pay cut.

Their claim is that everyone affected by this is getting a net raise. Do you have evidence to the contrary?

Post by behringer » Thu, Oct 11, 2018, 3:42 PM UTC

abtinf wrote: post #11

behringer wrote: post #6

Earlier quoted context omitted.

That's all well and good, but Amazon replaced their bonuses for raises and then pretended like they were giving everyone an actual raise when in fact, some people could end up getting a pay cut.

Their claim is that everyone affected by this is getting a net raise. Do you have evidence to the contrary?

Post by SpicyLemonZest » Thu, Oct 11, 2018, 3:47 PM UTC

kiliantics wrote: post #7

kpwags wrote: post #3

I can understand some of the frustration, especially for those making just shy of $15 before the raise, but even if the raise is only from $14 to $15, that still is around $2,000/yr (assuming 40 hour work week) that is guaranteed the way a bonus generally isn't. I would almost always prefer a raise over a one-time bonus for that exact reason. In my experiences, I can't always count on my company giving me a yearly bo…

This makes plenty sense but, still, why not keep both when they can clearly afford to? It really doesn't look good. They say the new setup more than compensates for the removal of the old. But how much more? Does it cost amazon 5% more, 20%?