SoRaspy: Apple Underpaying Its Employees?
Apple – the most profitable company in the world – is now being questioned about its employee salaries. While the company can attribute its high sales to its innovative products, its employee knowledge and customer service are said to be a great asset. The New York Times presents that Apple’s 327 global stores brought in more money per sq. ft. than any other U.S. retailer.
Interestingly, though making such huge profits, Apple doesn’t pay its employees as much as other dealers such as AT&T and Verizon. Apple pays its employees an average flat rate of $11.91 an hour while other companies offer flat rates with commission. Yet this is not enough to determine whether Apple is underpaying their staff. According to the Times article Apple “offers very good benefits for a retailer, including health care, 401(k) contributions and the chance to buy company stock, as well as Apple products, at a discount.”
The article went on to present that Apple is also investing more in its employees by giving significant raises in response to a recent internal survey that showed an increase in employee dissatisfaction.
Posted By: @ZakiyaTheGenius