Sr Business Coach Amazon Salary
Sr Business Coach Amazon Salary – Amazon on Monday raised the base salary cap for some of its employees. Tech and enterprise employee base salaries will increase from $160,000 to $350,000. In an internal memo, the company said it hopes to offer more competitive compensation compared to other big tech companies. With Amazon being one of the largest employers in the world, we wonder what impact this might have on wages across the tech industry, as well as the rest of its own workforce. We’ll also keep you updated on the weekend’s news, including an update from the White House on Russia. Plus, a Make Me Smile that’s just our type!
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Sr Business Coach Amazon Salary
Marielle Segarra: There it is. I’m Marielle Segarra. Welcome back to Make Me Smart, where we make sense today. And we’re trying to help Meghan McCarty Carino plan her vacation plans.
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Meghan McCarty Carino: Guys, I have to take a vacation. I’m Meghan McCarty Carino and I’m for Kai Ryssdal. Today is a What Did We Miss Monday where we share a big news of the day and then fill you in on any stories you might have missed over the weekend.
Marielle Segarra: Yes, so let’s do it. I think the big story today was Amazon. What do you think?
Meghan McCarty Carino: I mean, I think it’s a good story to talk about. It’s a good story for me to talk about. I follow the job market. I’m the workplace culture reporter. So yeah, let’s do Amazon. Amazon announced today that it would raise the base salary cap. So the upper limit for what salaries for tech workers and Amazon can be. They increase that cap to $350,000. Significantly more than before. Which honestly I was shocked to find out.
Meghan McCarty Carino: Before it was 160. I was a bit surprised that this is the previous salary cap for Amazon.
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Marielle Segarra: Is that the base salary cap? So basically this is like, yeah, the launch area. The starting range was limited and was 160,000.
Meghan McCarty Carino: Yes. And then I guess the thing about Amazon was they really got paid in blocks of shares. So they really did have something of a sweet stash package that they sweetened things up with. But last year their stock reportedly wasn’t growing as fast as the rest of the S&P 500. So they had some catching up to do in our current job market, which is pretty hectic.
Marielle Segarra: And that’s what this is all about, right? Because here everything revolves around the tight job market. And Amazon says we need to raise salaries to attract people. I think we should point out that their warehouse workers don’t make that kind of money. I think that’s for executives or else their warehouse workers who think it’s about $18 an hour on average.
Meghan McCarty Carino: Yes, they just addressed that in September, they raised the average wage for warehouse workers, I think the minimum is still $15 an hour for warehouse workers, but the average is currently $18 dollars per hour.
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Marielle Segarra: You definitely see the differences there. But that’s the case with all companies, isn’t it?
Meghan McCarty Carino: Yes. And Amazon is the second largest private employer in the country. So it’s sort of a guideline for, I think, for those two types of work.
Meghan McCarty Carino: Yes, because clearly they have so many market surveys. I mean, I don’t know the numbers exactly. I know it’s 1.6 million employees I think. But the kind of breakdown, what percentage of those are higher-paid tech workers and what percentage are warehouse workers? I would imagine the majority are, you know, warehouse workers as they have so many employees. And they have these distribution centers all over the country. But yeah, I mean it’s a huge employer no matter how you slice it up and it’s going to have a huge impact on the job market.
Marielle Segarra: Yes, sure. Well, let’s take a look at what we’ve put together this weekend. I think I’ll start the big story first. I think the big news from this weekend was that the Biden administration announced that Russia had about 70% of the troops it would need on the border with Ukraine to launch a full-scale invasion of the country. And that if it were to launch an invasion, it could result in up to 50,000 civilian casualties. That’s the estimate, and tens of thousands of soldiers would be killed, potentially creating millions of refugees who would then likely flee to Poland and Russia. Russian leaders say they have no intention of invading Ukraine. I think we have to say that. But we’ve talked about some of the economic factors here before on this show, one being that our European allies, particularly Germany, get much of their natural gas from Russia. And that plays into the steps they decide to take in response. And then, yeah, and then that too, you know what kind of economic sanctions the United States is considering and what impact they might have on Russia. And do you know how the ripple effects that these could have globally as well. So this is just an update. Also, as a New York City resident, there was an article in the New York Times about how New York City hospitals are faring during the Omicron wave. And as someone with a family member who worked on the front lines in Brooklyn at the onset of COVID. I think what stood out is that we know Omicron is generally milder, but it’s also more contagious. And so it sends a lot of people to the hospital, there was a surge. And what the hospital workers have found out over the last two years, they’ve learned a lot. They now know to avoid intubating patients whenever they can because many people who are on ventilators never get off it. They also found that they can use high-dose steroids to control inflammation. I believe the virus was just so new when the pandemic started. And there was this idea that steroids could suppress your immune system to get patients off their steroid drugs. But actually, steroids can help. And there were all these things that doctors and medical staff needed to figure out on the fly. And I remember hearing about them, especially from people in New York, because that was one of the first places that was hit, how devastating it was that so many of their patients were coming in, and no matter what they were doing, the patients died . And it was like one death after another. And at least now, two years later, we can say that the virus is no longer a mystery and healthcare workers have figured out or figured out how to treat it.
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Meghan McCarty Carino: Yes, I’ve seen some numbers comparing the death rate in New York City during the first spring wave to the Omicron wave. And it was, I think it was 100 and some weird deaths during Omicron. 800 deaths per day during the first wave. It’s just such a huge difference, even though the number of cases and I think even the number of admissions were comparable.
Marielle Segarra: Yes. Yes. And that’s partly about vaccinations, but then also about the fact that it will be milder in the end, and also that we now know how to deal with it.
Meghan McCarty Carino: Well, for my missed news, I wanted to take a moment and just acknowledge that we surpassed 900,000 deaths from COVID on Friday. Um, you know, I’m not as much of a pandemic pessimist right now as I was about to be, you know, acknowledging that, that’s just the way it is, the weight of it and also the fact that, you know, kindly how fast we went from 800,000 to that 900,000. It lasted seven weeks, it was mid-December when we reached 800,000. And we’ve reached 900,000 faster than the previous 100,000. So I think it was 11 weeks, from 700 to 800,000. And it was seven weeks from 800 to 900,000. And yes, and it comes down to that, fortunately, Omicron is milder than Delta. And I am
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