financetom
Technology
financetom
/
Technology
/
Apple hikes pay budget by 45% for US workers, hourly pay to rise to $22
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Apple hikes pay budget by 45% for US workers, hourly pay to rise to $22
May 26, 2022 12:29 AM

Apple Inc is raising the overall compensation budget for its US employees amid broadening inflationary pressures and a push for unionisation, the Wall Street Journal on Wednesday.

The starting pay for hourly workers in the United States will rise to $22, or higher based upon the market, a 45 percent increase from 2018 levels, WSJ said, citing an internal email. The change in compensation comes as some current and former workers have criticized the company's working conditions online last year.

Workers at its Atlanta store had filed a petition to hold a union election, seeking to become the company's first US store to unionise amid a wave of labor activity at other major firms.

Apple informed some of its workers on Wednesday their annual reviews would be advanced by three months and the new pay will take effect in early July, according to the WSJ report, which added that the iPhone maker also plans to increase the starting salaries across the United States.

First Published:May 26, 2022 9:29 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved