Regions

Is Amazon becoming a search engine for jobs in America?

July 29
9:13 AM 2013

It seemed that Amazon was becoming a search engine for jobs in America. Recently, the company announced that it will be having a hiring spree to fill in more than 5,000 full-time jobs in several of its fulfillment centers across 10 states.

Currently, Amazon employed 20,000 warehouse workers. The new positions will be a significant addition to the company's existing workforce.

The jobs at this online retail giant were a mix of white- and blue-collared jobs. Computer scientists, MBAs, and other such positions usually found in technology companies were working for the company. However, Amazon also relied heavily on its tens of thousands of warehouse employees to handle picking, packing, and delivery of orders.

Employees at Amazon were paid 30% higher than their counterparts in retail establishments in their areas. Full-time employees also received stock grants, which added an average of 9% to their base pay per year.

Amazon is headed by CEO Jeffrey Bezos, who was dubbed as among the lowest-paid CEOS by a report in Bloomberg. Bezos earned US$81,840 only. However, he did own 87 million shares in the company. This translated to around 19% stake.

Bezos has a net worth of US$25.2 billion. He is #11 in Forbes 400 and #19 richest man in the US.

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.
Tags
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics