Amazon.com Inc. is more than doubling the maximum base salary it pays employees to $350,000 from $160,000.
“This past year has seen a particularly competitive labor market, and in doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive for attracting and retaining top talent, we decided to make meaningfully bigger increases to our compensation levels than we do in a typical year,” the company told employees Monday in a memo reviewed by Bloomberg.
Amazon also said it was increasing the compensation ranges of most jobs globally and is changing the timing of stock awards to align with promotions.
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