Nike announces pay increases for 7,000 employees



nike pay review

Nike will increase wages for 7,000 workers, or 10% of its international workforce.

The corporate introduced the wage will increase Monday in an inner memo.

Spokeswoman Sandra Carreon-John mentioned the corporate desires to “assist a tradition by which workers really feel included and empowered.”

The raises are a method for Nike to make sure its wages are aggressive, she mentioned. The changes can be seen all through the corporate.

Carreon-John mentioned the corporate critiques pay yearly, however that the corporate performed a “deeper evaluation” this yr.

The announcement marks the most recent in a collection of modifications on the sportswear firm this yr.

The New York Instances reported in April that a number of executives resigned after a number of complaints of sexual harassment and gender discrimination on the firm.

Associated: Two Nike execs go away amid complaints about work setting

Elizabeth Tippett, an affiliate professor on the College of Oregon Faculty of Legislation, mentioned the pay increase resolution was one for Nike. She’s written extensively on employment legislation and discrimination, and on Nike this yr following the Instances report.

“Generally firms are afraid to make a change. Nike was not afraid, and I feel that is actually commendable,” she mentioned.

Nike additionally modified its bonus construction. Bonus determinations was based mostly on a mixture of firm, crew and particular person performances. Now they’re going to be based mostly solely on company-wide efficiency.

And stock-eligible workers will now have a alternative as to how they’d choose to obtain annual inventory awards: as inventory choices, restricted inventory makes use of, or a mix of each.

CNNMoney (New York) First revealed July 23, 2018: 5:55 PM ET


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