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Despite minimum wage increase, some Amazon workers say losing stock options and bonuses means they will make less
Amazon's announcement this week that it will raise its minimum wage for workers in the United States and United Kingdom earned it a wave of positive publicity, but backlash is already growing as reports emerge that its new pay structure will do away with monthly bonuses and stock option awards. In blog posts about the wage increase (slightly different ones were posted on its U.S. and U.K. sites), Amazon said it would replace its restricted stock unit [RSU] program with a direct stock purchase plan before the end of next year, and that the net effect of its changes would be "significantly more total compensation for employees," but did not mention monthly bonuses.
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Amazon's hourly workers lose monthly bonuses and stock awards as minimum wage increases
Amazon's minimum-wage increase for its hourly workers comes with a trade-off: no more monthly bonuses and stock awards.
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Despite minimum wage increase, some Amazon workers say losing stock options and bonuses means they will make less Amazon's announcement this week that it will raise its minimum wage for workers in the United States and United Kingdom earned it a wave of positive publicity, but backlash is already growing as reports emerge that its new pay structure will do away with monthly bonuses and stock option awards. In blog posts about the wage increase (slightly different ones were posted on its U.S. and U.K. sites), Amazon said it would replace its restricted stock unit [RSU] program with a direct stock purchase plan before the end of next year, and that the net effect of its changes would be "significantly more total compensation for employees," but did not mention monthly bonuses.
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