All articles tagged with #employee bonuses
Walmart announced that it will offer bonuses to its full- and part-time hourly employees in the U.S., rewarding great work and customer service, with a maximum bonus potential of $1,000 for long-term associates. The bonuses are part of Walmart's efforts to remain competitive on wages, with hourly pay having increased by 30% over the past five years.
Mark Cuban, after selling his majority stake in the Dallas Mavericks to a group led by Dr. Miriam Adelson, is distributing approximately $35 million in bonuses to team employees as a gesture of gratitude. The bonuses are calculated based on the employees' tenure with the Mavericks. Cuban retains a 27% stake in the team and will continue to run basketball operations, although Patrick Dumont from the new ownership group will have the final say.
The CEO of MillerKnoll, Andi Owen, has apologized after a video clip of her comments about employee bonuses during a Zoom call went viral. In the clip, Owen appeared to tell employees to "leave Pity City" and focus on the $26 million needed to hit a corporate financial goal. The comments were criticized online as tone-deaf and insensitive. MillerKnoll has said the clip was taken out of context and that bonuses for this year have not been determined yet. Owen apologized to employees via email, saying she hoped her comments would serve as a "rallying cry."
An anonymous MillerKnoll employee claims that the company threatened termination for speaking out about controversial comments made by the CEO regarding employee bonuses. The CEO, Andi Owen, received backlash after a video of her telling employees to focus on earning the company $26 million instead of worrying about their bonuses went viral. MillerKnoll denies the termination threat and says that bonuses for this year have not been determined yet. The employee argues that the CEO's $3.9 million incentive-based compensation is unfair compared to the sliver of a bonus that employees making $45,000 a year might receive.
Andi Owen, CEO of MillerKnoll, faced backlash after telling employees to "Leave Pity City" in response to questions about the lack of company bonuses. Owen received a compensation package of $5 million last year, while the average pay package for a sales executive at the company is $150,000. MillerKnoll's sales and orders have declined due to a slower economy and higher borrowing costs. Owen urged workers to focus on hitting the company's financial goals instead of asking about bonuses.
Meta Platforms Inc. is expected to reduce bonus payments for some employees and increase the frequency of staff performance reviews. The company will give a smaller percentage of bonus and restricted stock award to employees who receive a rating of "met most expectations" in their year-end reviews in 2023. The bonus multiplier for that rating has been lowered from 85% to 65%. Meta announced earlier this month that it would cut 10,000 jobs this year in a second round of layoffs.