Employee compensation

Costco Raises Hourly Pay to Over $30, Sparking Debate

Costco’s recent announcement of a significant hourly wage increase for most of its US store workers to over $30 is generating considerable buzz. This move, which will see the top scale employees earning $30 an hour and the bottom scale employees earning at least $20, represents a substantial investment in its workforce.

The impact of this decision is multifaceted. For employees, it means a considerable improvement in their earning potential, offering a more livable wage that addresses the rising cost of living. Many commenters have expressed their excitement about the raise, emphasizing that it is a step in the right direction, particularly when compared to wages offered by other retailers, some of which may barely reach minimum wage levels.… Continue reading

Evergreen’s Massive Bonuses: Fair Compensation or Exploitative Practice?

Taiwanese shipping giant Evergreen Marine Corp. awarded its employees a substantial year-end bonus averaging 20 months’ salary, plus an additional three-month bonus. This generous payout, based on an average salary of approximately NT$60,000, follows a trend of exceptionally high bonuses in previous years. The company’s record profits in 2024, boosted by global supply chain disruptions stemming from the Red Sea crisis, fueled this significant reward for its workforce. Evergreen’s continued success is projected to maintain this pattern of lucrative employee compensation.

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