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Amazon to hire 125,000 workers

Amazon (AMZN) said Tuesday that those jobs offer an average starting salary of over $ 18 an hour – higher than his minimum wage of $ 15 – and that some of the roles include up to $ 3,000 in connection bonuses. Amazon announced last week that it would start offering to pay four-year tuition fees for most of its workers, joining Walmart (WMT) and Target (CBDY) offering similar benefits.
Many retailers and logistics companies are struggling to find workers and have increased their wages and benefits in response to the staff shortage. As of July, there were 879,000 unfilled jobs in retail trade and 222,000 in transportation and warehouses, according to the latest data from the Bureau of Labor Statistics.

“It’s a very competitive job market. And certainly, the biggest contributor to the inflationary pressures that we see in the business,” said Brian Olsavsky, chief financial officer of Amazon, in July. “We are spending a lot of money on signings and incentives.”

Businesses expect high demand on this holiday and an increase in staff as the holidays approach. Retail sales this holiday season will increase by up to 9% from last year, while e-commerce sales will increase by up to 15%, Deloitte said in a forecast released Tuesday.

Amazon and Walmart hire permanent workers ahead of vacations, while UPS (UPS), Kohl’s (KSS), Michaels and others use temporary staff. Amazon hasn’t announced plans for seasonal workers, but added 100,000 temporary workers last year.

Amazon’s business increased during the pandemic as many shoppers, spending more time at home, increased their purchases online. The company has added more than 450,000 workers to the United States since the start of the pandemic and now has 950,000 American workers.

In another sign of its growth, Amazon said on Tuesday it would open more than 100 new facilities in September to pack and ship goods to customers, including regional air hubs for its growing fleet of cargo planes. Amazon has opened more than 250 installations this year.


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