With the US labor market getting tighter and employees changing jobs or quitting in droves, Amazon has made a big move to become more competitive. The company has boosted its maximum base pay from $160,000 to $350,000, in response to what it calls a “particularly competitive labor market,” The Washington Post has reported.
In a recent Amazon Web Services (AWS) blog, the company said that it pays around 50-65 percent of “what ‘the market’ will pay you.” By contrast, it noted that Microsoft paid 75 percent, Google 95 percent and Netflix “top of market.” Until now, anything more than $160,000 at Amazon was instead compensated by stock or cash signing bonuses.
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,…
