Apple recently announced that it would be offering raises to many of its retail store employees throughout the country in an effort to stay competitive during the current labor shortage.
According to a recent US Chamber of Commerce report, labor shortages have affected companies that need to fill "in-person" jobs at a much higher rate than those offering virtual positions. Additionally, retail positions have had some of the highest quit rates over the last two years.
Therefore, Apple's recent decision to offer more competitive pay to its existing employees is a smart move. According to one report, the wage increases will vary between 2% and 10%. However, not all employees are eligible for a raise at this time. Senior hourly workers, technical staff, and salespeople who have been with the company since 2020 will be given priority for the raises.
It is not clear if Apple has plans at this time to raise wages for other hourly employees in response to the recent increase in inflation. Some reports indicate that retail labor shortages are easing somewhat; however, if Apple continues to have difficulty retaining employees, they may need to consider offering increased wages across the board.
In addition to the planned raises for existing retail workers, Apple also announced that they will be offering additional benefits to their retail employees. Additional paid sick leave and vacation time will be provided to full and part-time employees to make conditions better for their workers.
Do you think that Apple should offer wage increases for all employees rather than just existing workers?
Let us know what you think in the comments.