Apple hikes salary of many retail employees

Apple is increasing the pay of many U.S. retail employees effective this month, Bloomberg News reported.
Apple store
The hikes in salary for Apple retail employees range from 2 percent to 10 percent depending on store location and role, and will go to sales staff, including Genius Bar technical staff and some senior hourly workers.

The raises do not apply to all employees.

Apple is expanding its retail operations, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever.

Last year, Apple reportedly paid one-time bonuses of as much as $1,000 to store employees ahead of the busy holiday season.

The pay of its chief executive, Tim Cook, in 2021 was nearly $100 million thanks to stock awards, or about 1,447 times that of the average employee.

Latest

More like this
Related

Which’s the top selling smartphone brand globally in Q3 2024?

Counterpoint Technology Market Research said Apple’s iPhone 15 was...

Apple retains lead in global tablet market in Q3: Canalys

Worldwide tablet shipments rose by 11 percent in Q3...

Xiaomi India President Muralikrishnan B resigned

Xiaomi India announced that Muralikrishnan B, President of Xiaomi...

Apple Q4 result shows double-digit growth in emerging markets

Apple, in its Q4 2024 financial result, said it...