Apple Store employees are set to get a rare companywide bonus this fall. Sources say that Apple will give $1,000 to Apple Store employees who have been with the company since March 2021, while those who joined more recently will get a $500 bonus.
Bloomberg points out that Apple rarely gives companywide bonuses such as this one:
Apple’s decision to give bonuses to its retail employees comes as companies face continued labor shortages. The $1,000/$500 bonus is an attempt by Apple to retain its existing employees as the company heads into the iPhone 13 launch season as well as the busy holiday shopping season.
The bonuses will be an unusual perk since Apple rarely gives companywide payouts. The last major one was $2,500 worth of restricted stock units in 2018. That bonus followed tax changes allowing Apple to bring back cash from offshore accounts at a lower cost. The new bonuses will be issued via cash in paychecks, rather than as stock units, the people said.
Read more:
- Leaked memo: Tim Cook says Apple is cracking down on leakers
- Apple to test hybrid ‘Retail Flex’ work from home program for Apple Store employees
- Apple will mandate COVID-19 testing for employees working in offices and retail stores, more regular testing required if unvaccinated
