Posted on 10/03/2018 11:49:00 AM PDT by Hojczyk
Amazon’s decision to raise workers’ minimum wage to $15 per hour was welcome news,
But for some Amazon employees, the excitement didn’t last very long as they learned that existing financial incentives and bonus programs, including stock and monthly bonuses, that usually boost paychecks will be eliminated starting November 1.
Several Amazon warehouse workers in the U.S., who spoke to Yahoo Finance on the condition of anonymity fearing reprisals, talked about how the change will negatively affect them. After the removal of these perks, some workers said they will be making less. Most of the workers who voiced concerns have been working for the company for more than two years, and have been earning close to $15 an hour before the raise.
While these workers’ hourly rates will rise modestly, they said they could lose thousands of dollars that they would have collected from the stock and monthly-bonus programs. Amazon said those who are already making $15 an hour will see an increase in pay but did not specify how much.
An employee earning $15.25 an hour who has worked for Amazon for more than three years in Arizona crunched the numbers. Although he is getting a $1 an hour raise, which would equate to as much as $2,080 in additional pay a year, he said he could have earned a few thousands of dollars more from the incentive programs. “Amazon isn’t giving its employees a raise, they’re taking money from us,” he told Yahoo Finance. “It only looks good if folks don’t know the truth.”
An Amazon spokesperson said “all hourly operations and customer service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”
(Excerpt) Read more at finance.yahoo.com ...
only in liberal america can a person make less money after getting a huge pay raise
LOL
What a cheapskate.
Yep. Typical lib.
Sometimes people don’t realize what total compensation actually means
Bezos stiffs his employees yet again.
And that’s how you become the wealthiest person in the country. Bezos may be the most hated boss today.
he said he could have earned a few thousands of dollars more from the incentive programs. “Amazon isn’t giving its employees a raise, they’re taking money from us,” he told Yahoo Finance. “It only looks good if folks don’t know the truth.”
Typical. Amazon sounds like eBay with their new “lower” fees every year which are actually increases.
Well, $15 per hour was the main objective. Now they have the “living wage” a few people wanted.
and the feds will get a piece of it...a tax revenue increase without having to vote on it.
Take it back from those idiots.
It’s funny. All those articles I’ve read about how miserable and underpaid Amazon’s workers are, I never saw a paragraph about the stock grants and the thousands of dollars worth of bonuses.
LOLOLOL. You didn’t think your socialist god wasn’t going to screw you? Suckers are easy.
Now it's a "level playing field" and the slackers will get paid the same as the hustlers.
They got their precious $15.00 an hour and still lose. It must suck being a liberal idiot.
Exactly so. eBay charged me shipping fees when I was the one that had to pay for shipping. Still trying to wrap my head around that one.
Me either. Just an innocent oversight, I’m sure.
MSM=traitors
Think of it as Socialism
[ they said they could lose thousands of dollars that they would have collected from the stock and monthly-bonus programs.]
Oh, the irony is too rich!!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.