Amazon doubles base salary cap to $350K for corporate employees

Amazon is more than doubling the maximum base salary for corporate employees to $350,000 due to a “particularly competitive labor market,” the company sꦐaid in an internal memo on Monda꧑y. 

Amazon’s maximum base salary for most corporate employee🦩s in US cities had previously been $160,000, with an extra bump $25,000 for workers based in San Francisco or New Yorಌk City.

The Jeff Bezos-owned company said the massive bump wiℱll help it attract and retain employees amid a nationwide labor shortage. 

“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 c🅠ompetitive for attracting and retaining top talent, we decided to make meaningfully bigger increases to our compensation levels than we do in a typical year,” Amazon said in an internal memo first . 

An Amazon spokesperson confirmed the accuracy 🎐of the memo to The Post.&nb𝐆sp;

Amazon employees had repeatedly griped about the company’s comparatively low pay compared to other big tech firms. In an internal corporate employee survey, 45% of employees said Amazon’s base pay contributed to their desire to find a🙈 different job in 2021, . 

In addition to﷽ base pay, Amazon employees often receive perks like singing bonuses and company stock options. Those stock options have paid of handsomely for some employees as Amazon’s stock has surged 282% over the past five years. 

The corporate salary changes will likely widen the chasm𒁃 between Amazon’s corporate employees and warehouse and delivery workers. 

Amazon warehouse workers are paid a minimum of $15 an hour and an average starting wage of $18 per hour, the company said in September. 

While th🦩at’s far higher than the federal minimum wage of $7.25 per hour, it corresponds to between $31,000 and $37,500 for full time employe💖es. 

In other words, an Amazon corporate employee can now ear⛦n as much as 10 warehouse workers combined — not 🥂counting bonuses and stock options.