Amid the pandemic, Amazon has announced that it will be dramatically increasing salary caps for its US-based technology and corporate workforce. The move is in response to how this recent disease outbreak has exacerbated an already fierce competition nationwide which tasked recruiters with sourcing top talent at all costs until recently…
Amazon announced Monday that their maximum base pay in the United States has increased to $350,000 from 160k. This is a more than doubling of what an employee can currently make at work and it’s only going up from here!
“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 internal post said.
The authenticity of this blog post is confirmed by an Amazon spokesperson.
It’s not clear how many Amazon employees may directly benefit from the change or will soon earn an above-average salary, but according to a blog post by CEO Jeff Bezos it appears that base pay has been capped at $160K “for several years.”
