Amazon.com, Inc., founded in the year 1994 by Jeff Bezos, is an American tech company catering to a global consumer base. Initially started as an online vendor of books and music videos, the company has grown over the years to be a giant in the e-commerce industry along with vested interests in other fields – including cloud computing, digital streaming, and Artificial Intelligence. Let us know ‘Does Amazon Pay Weekly?’.
Does Amazon Pay Weekly?
Work Culture: So, how is it to work at Amazon? In its survey in 2021, LinkedIn gave Amazon.com the numero uno position in the Top Companies List. The ratings are given based on the companies’ efforts to improve the skillsets of their employees, the desirability to join the respective companies, and of course, the payroll of the employees. In this article, we shall be looking at how Amazon.com pays its employees and the changes it had to make to its payroll system due to the ongoing pandemic.
Do the employees get paid weekly?
As of now, Amazon pay all of its employees weekly on Fridays. The weekly payment scheme came into effect when Amazon had to rethink and change its payment strategies due to the pandemic. Earlier, the weekly payment schemes were mainly reserved for the part-time and the seasonal employees whereas – the bi-weekly and the monthly payment schemes were for the permanent ones. In the company’s decision dated October 9, 2020, it was decided to change the payday of all the employees to the Fridays of each week.
However, these are subjected to the locations people are working in and in rare cases, may even vary with the shifts, i.e., day or night ones. Monthly payments are still a thing in Seattle and Washington. In California and Los Angeles, even bi-weekly payments are made to a few departments. With an employee strength of around 1.5 million worldwide and 800,000 in the US alone, it is only normal that the payment structure varies to a certain extent between places and departments.
Amazon Employee Benefits:
In addition to the amazon weekly pay according to the designated payroll for each employee, Amazon.com, Inc. also offers a host of additional benefits and insurances.
(i) Health benefits/Insurances – Even though Amazon’s health benefits tend to vary by a number of factors such as location, type of employee (seasonal/permanent), number of work hours, etc. they do provide one of the best and industry-leading health insurances to their employees. All of the plans start from the day of joining the office and cover all costs including prescription drugs, emergency/hospital care, and even lab tests and X-rays.
The cherry on the cake is the fact that not only do the employees benefit from these aforementioned schemes, but also extend to the eligible family members – including domestic partners and children.
(ii) Financial Security – The wages and the compensation packages provided by the company are industry-leading and help in securing the financial future and security of the employees. The starting wages are more than double the federal minimum wage recommended and in addition to their entitled salary, employees also have the option of owning Amazon stocks, participating in 401(k) plans with a company match of 50%, and enrolling themselves in the paid life and accident insurances. Even disability payments (both, short and long term) are granted if the need arises to do so.
(iii) Family Care – The employees can choose from among all the available options the ones which are best suited for their personal needs. Both child and elder care providers can be accessed. On their website, Amazon claims that their employees have free access to a network of more than two million caregivers – including nannies and special-needs caretakers. In addition to this, Amazon also offers parental advice to the parents of the special kids, and notably, they provide their assistance in adoption matters too.
(iv) Parental leave – Amazon.com takes great pride in their employees and offers them what they call – lifetime support. In relation to this, they provide parental leave to their employees for a period of up to 20 weeks. In addition to this, they have the special “Ramp Back” program – which offers flexible working hours to new parents for a period of up to 8 weeks, giving them time to adjust to their new lifestyle as parents and manage their work hours. Amazon.com does also assist the families of the employees in case the concerned company does not have the necessary and satisfactory protocols in terms of parental leave.
Conclusion –
Being part of the highly esteemed Big Five companies in the US (with, Meta (formerly, Facebook), Alphabet, Microsoft, and Apple being the others), Amazon.com has surely grown to be one of the most desirable places to work in the present-day IT field. The additional benefits offered to the employees, in addition to the salary and compensation packages go a long way in justifying its position as Number one in many “Best Companies to Work In” lists.
The figures posted on the growth chart seem to be on the rise each year and it is reported within the company quarters that Amazon increased its sales by 26% in the last year itself, with the majority of people turning online to fulfill their needs amidst the pandemic. It would be safe to say that Amazon even surpassed the expectations of its founder, Jeff Bezos, who has admitted that all he wanted to achieve was to build the “biggest book store”. Today, Amazon has grown to be the most valuable brand in the world.
Frequently Asked Questions (FAQs):
Are there any drawbacks to working at Amazon?
Amazon.com became primarily known to the masses as the e-commerce giant that sells every item whichever seemed to exist. As such, there are several departments involved – stores, warehouses, delivery drivers, and of course, office workers.
While the office workers do sometimes complain about the highly competitive work culture, the more serious complaints are in the other areas. Drivers have often come out and spoke of how they have had to go over speed to ensure the deliveries happen in time and warehouse workers have also complained of being overworked to ensure fast delivery and there have been instances of warehouse workers being gravely injured. Reports have emerged that more often than not, speed is prioritized over safety in the warehouses, which is extremely harmful.
Are all dues cleared diligently and on time?
This is one field where the employees would have no scope to complain. Being the most valuable brand in the world, it is no surprise, it must be said that the employees are always paid on time, i.e., Fridays of each week.
Is it worth it to be working at Amazon.com, Inc.?
Let’s face it, Amazon is the biggest and most valuable brand to exist on the planet. The employee earning the least at Amazon makes $15 per hour. The benefits the brand offers to its employees are world-class and all the employees can rest assured that they will be well looked after by their employer. It is a dream for many students and working professionals alike to be working at a company like Amazon and despite the few complaints received, it is safe to say, Amazon remains a very appealing employability option to many.
