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SAN FRANCISCO – A new minimum wage in its fulfillment centers The company is also taking away stock awards and incentives for employees and employees.
The e-tailing giant said Tuesday it would increase its minimum wage on Nov. 1 to $ 15 an hour for all full-time U.S., part-time, seasonal and temporary employees. Employees who already make $ 15 an hour of $ 1 an hour, Amazon said.
Incentive pay, which could be significantly increased to an employee's pay, was often tied to productivity measures.
more: Amazon ups minimum wage to $ 15 for full, part-time and seasonal employees
more: Amazon, Target and more: Here are the companies committed to $ 15 hourly minimum wage
Amazon told USA TODAY that its hourly fulfillment and customer service preferred the predictability and immediacy of cash to stock awards and incentives.
Hourly workers had to spend two years with the company before they were eligible to receive stock under the program. At that point, they got one share of Amazon stock each year. A share was worth $ 1,952.76 on Wednesday.
Instead, employees will be able to purchase stock through a direct purchase program, the company said. The plan will become available before the end of 2019 but the exact details of how it is being finalized.
Read or Share this story: https://www.usatoday.com/story/tech/2018/10/03/amazon-ups-wages-15-hour-but-cuts-stock-awards-incentive-pay/1515113002/
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