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Amazon invests $1.3 billion in pay for US employees

Employee Benefits

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has invested $1.3 billion (£1.1 billion) into US customer fulfillment and transportation employees’ average hourly pay. This investment brings average pay for those roles to more than $20.50 (£16.66) per hour, which is a 50% increase over five years.

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Amazon and Wells Fargo named top US employers for 2023

Employee Benefits

Online retailer Amazon and financial services firms Wells Fargo and JP Morgan Chase have been named as some of LinkedIn’s top employers to work for in the US in 2023. LinkedIn also recognised it as a top employer in Japan and Spain, where it ranked first, and in the UK, India and Italy, where it ranked second.

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Home Depot raises starting wage to $15 per hour minimum

Employee Benefits

We’ve been continuously focused on cultivating the best associate experience in retail, with ongoing investment in associate wages, benefits , bonuses, job tools, and career development opportunities. Additionally, since 90% of our store leadership started as hourly associates, today’s new hires are our future leaders.

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15 Employee Benefit Examples from Great Companies

Empuls

They also offer generous parental leave policies, allowing new parents to take up to 18 weeks of paid leave. Furthermore, Patagonia provides excellent parental leave policies , offering up to 16 weeks of paid leave for both new mothers and fathers.

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What is the Difference Between Benefits, Perks, Gifts, Awards, Incentives, and Rewards?

Empuls

Discount coupons and vouchers (retail, hospitality, travel, health, and wellness) PAYE settlement agreements (company foots the tax and national insurance bill for any taxable gifts) Gifts in real-time Roto Rooter changed its generic gifting policy by revamping its entire selection of gifts and matching them to the employees’ local culture.

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How to Run an Employee Perks Program Effectively

Empuls

Examples include paid time off (vacation, sick leave, parental leave), sabbatical programs, flexible scheduling, family-friendly policies, and on-site childcare facilities. Their program includes free meals, on-site fitness centers, and generous parental leave.

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How Can Employers Help Employees With the Cost of Living Crisis?

Empuls

Flexible work arrangements Flexible work with flexible working hours, hybrid work environments, option to support parental leave, day care and other support for women can all be very helpful in battling rising expenses. They also offer free meals for the employees in their offices to help with inflation of supplies in the market.