September 24, 2021

Biz Journal

Business perfection

From Amazon to Starbucks, What Corporations Paid Employees within the Pandemic

Whereas the Covid-19 pandemic disrupted thousands and thousands of jobs and most companies, many staff saved their jobs and their salaries—and a few noticed pay rise.

Median pay modified by 5% or much less both manner at a few third of S&P 500 firms. It rose by greater than 5% at 184 firms, and fell by greater than 5% at 125.

These are among the many revelations from a Wall Road Journal evaluation of annual disclosures by 492 firms utilizing information supplied by MyLogIQ. To see the median pay at S&P 500 firms, search or type the desk towards the underside of this text.

Practically 140 firms within the S&P 500—together with Netflix Inc. and railroad CSX Corp. —mentioned their median employee was paid at the very least $100,000 final 12 months. 4 dozen, together with Starbucks Corp. and Amazon.com Inc., mentioned their median employee made lower than $30,000 final 12 months. The wages from these 4 firms have been little modified from 2019.

Pay throughout the U.S. financial system stays in flux in 2021, with tight job markets and rising wages in lots of areas, significantly for low-wage front-line staff. Here’s a nearer take a look at 2020’s information:

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