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Apple Giving Retail Employees Up to a $1,000 One-Time Bonus
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I am sorry but that perspective is very naive. That is not how the economy or taxes work. You can look at other countries and see how business who get taxed higher does not mean people get taxed lower. In fact typically the opposite is true.
But even if somehow the higher taxation of Apple occurred it would still be up to other people to implement legislation to lower personal taxes. You think that is going to happen? Nope, they would just keep the extra money.
So unless you somehow are implying that Apple could enact, on its own, personal taxation liability reduction by paying more in taxes, you are incorrect.
What they CAN do and DID do, was offer extra money to people as a thank you.
There's a lot of people talking out of their ass on this thread. I've been at Apple retail for many years. I'm a part-time Genius in a flag store. I'm making mid $20/hour. The job has stresses and like most jobs it largely depends on the management.
The money is better than most retail, but I could get paid more if I went back into 'the industry' and did in-house support somewhere. I don't want to deal with the bs and the hours allow me to be home with my kids more. Life balance. The benefits are what keeps me here. I get a lot more then $1000 annually in stock bonuses. ESP is amazing, considering how the stock has performed over the past decade. My insurance as a part-time employee is better then my fiancee who is at the director level at a fortune 100 company. Apple regularly offers 3-6 month opportunities to work in Cupertino at the corporate level, and I know about a dozen people who have moved from the stores to corp. AFAIK, retail has been starting at $15 for several years.
there is absolutely an issue with management playing favorites and skilled people get overlooked because of political bs, but that happens everywhere. Ageism, sexism, racism all can be seen, but it's subtle.
Am I glad to get another $1000? Sure. Would I rather get an additional $2/hour raise to everyone? Hell yes. It's hard to justify Tim getting a $750 million cash out in bonus stock and Apple continuing to post record profits while a lot of retail employees are barely able to make rent. At least he's not going to space and thanking his underpaid workers for making it possible.
The money is better than most retail, but I could get paid more if I went back into 'the industry' and did in-house support somewhere. I don't want to deal with the bs and the hours allow me to be home with my kids more. Life balance. The benefits are what keeps me here. I get a lot more then $1000 annually in stock bonuses. ESP is amazing, considering how the stock has performed over the past decade. My insurance as a part-time employee is better then my fiancee who is at the director level at a fortune 100 company. Apple regularly offers 3-6 month opportunities to work in Cupertino at the corporate level, and I know about a dozen people who have moved from the stores to corp. AFAIK, retail has been starting at $15 for several years.
there is absolutely an issue with management playing favorites and skilled people get overlooked because of political bs, but that happens everywhere. Ageism, sexism, racism all can be seen, but it's subtle.
Am I glad to get another $1000? Sure. Would I rather get an additional $2/hour raise to everyone? Hell yes. It's hard to justify Tim getting a $750 million cash out in bonus stock and Apple continuing to post record profits while a lot of retail employees are barely able to make rent. At least he's not going to space and thanking his underpaid workers for making it possible.
Why not? I answered that clearly, they don't offer anything of value to warrant it.
Just because they WANT it or it would be great to save for the future doesn't mean ****. Why do they deserve it? You didn't answer my question or the whole point of my post.
As a human you have chaos acting on you at all times and you might get lucky and you might get unlucky, its just how life works. So what you CAN control is whether or not you work your ass off to try and put yourself in a better place. Some people do it and get unlucky and that sucks. Some people don't do it and get lucky and that also sucks. For most people they whine and complain about not not having and being lucky without busting their ass.
If you provide value you can demand a wage that will compensate you for that value. If you can't provide the value or can't be bold to demand the wage then you hold the issue not the person not paying.
We are in a free nation and a free economy. If you aren't getting paid your value at one place, you can move to another. I started as a country boy with our family barely having a scrap. I busted my ass and didn't take a beating from chaos and now am way better off than I ever would have dreamed. I had to leave companies who didn't value me. I didn't complain about those companies, I just moved on and found better ones.
Earn it, don't expect it.
It was implied by my statement that taxes would be lowered.
what's your point? and also — the job market is going to change once people stop getting more money to stay at home than they are for working. if you had said this a year ago, it would be different.
Apple actually pays a lot of if not all of the taxes on bonuses like this. RSUs are taxed differently but the last time I got a bonus Apple paid the tax so that I actually got the bonus amount.
based on $100B in gross proft per year, idk, maybe 80 grand?
It’s not a purely good gesture. What an underwhelming analysis from an armchair critic.
Not really a "thank you", but a cynical PR ploy to mitigate some of the backlash against obscene corporate profits and the equally obscene tax cut they received. By dropping some crumbs on a few employees, they convince the uneducated masses that the tax cuts really helped the working class. So, of course, they are not "thanking" employees out of the goodness of their heart. It's just a stunt to divert criticism.
we are still in pandemic... hope to see another 1000 from apple next year.
It's always kind of weird to complain about someone giving you a gift. But I'm fine with that and I'll do it. So, that's the biggest company on the plannet, making a 21 billion net profit on a single quarter, spending 80 millions on bonuses. Even with a 25% employee discount, at $1000 each, that's not enough to buy a single item within most of Apple's product line-up. Gross 👎
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Yup. I started at $12.50 in the late 2000’s and when I left a few years ago I was making about $25. Between ESPP, EPP, RSUs, 401K (and matching), WageWorks, United Healthcare, VSP and MetLife… Apple did exceptionally. Opportunities to go to Corporate, somewhat flexible schedules… the list goes on.
I am WAY happier now that I’m gone lol and make way more, but still. It could be a lot worse for Apple Retail employees.
Best post on this thread!
the issues everyone is highlighting occur in all work places. I work at a bank and honestly I worked in retail bank when I was younger, you don’t stay there for the $, it’s balance you can get and great experience as you don’t do the big hours you do in commercial and corporate. Everyone is always trying to get paid more. Some people scoff are others it’s just their nature. Can’t stagnate on those people.
When you say that they should have just given everyone an iPhone and written it off. Win win.
Nobody “likes” their job.google AppleToo and let me know how much staff likes their jobs
Muh bootstraps!
The cash award is a good thing for recognizing contributions to Apple’s overall performance. It is up to Apple’s board to determine if it is deserving equitable to award this to everyone in that division. The current Apple retail employment structure is not set up to allow individual contributors to negotiate their compensation based on individual contributions. So while some people deserve less (or none), some deserve considerably more. But this is a nice solution that would be approved of by BoD.
As a shareholder that has profited handsomely (shareholder by my own “bootstraps” to purchase shares), I’m all for it. This is what makes Apple a quality American company even at the lowly retail level, and not Wal-Mart.
I did Apple retail for 2 years. Yeah the pay was decent for retail but it’s not hard work like you make it out to be.
if anything the job was more fun than not.
There are a lot of people talking **** in these comments, who clearly have no idea about the working conditions and performance incentives of Apple employees. I've been working as a Genius in a Canadian retail store for well over 10 years, and considering the workload we are given, we are VERY well compensated. Not just in salary, but in yearly Restricted Stock allocations, discounts on stock purchases, discounts on products, cash bonuses (such as this one), the occasional free food, and very flexible schedule arrangements, rock-solid insurance, etc...
Most people who don't last at Apple Retail wouldn't last long at retail, in general. Most of the people who complain, either at the retail or the corporate level, are privileged pansies who are always thinking about what will trigger them next. Some people who started working at our store while they were in university stayed even after graduating, because they had trouble finding a job in their field of study that had the same financial incentives.
Most people who don't last at Apple Retail wouldn't last long at retail, in general. Most of the people who complain, either at the retail or the corporate level, are privileged pansies who are always thinking about what will trigger them next. Some people who started working at our store while they were in university stayed even after graduating, because they had trouble finding a job in their field of study that had the same financial incentives.
They are working a full time job. That is their value
They have most definitely earned the right to have a dignified living
You just don't seem to realize how underpaid people are do you?
The status quo has been inching ever closer to failure each year since the 80s. There will be a breaking point.
