Amazon joins Walmart in a retailer race to enter the personal banking market.
a median $1 per hour raise in new employees’ starting pay. The average initial rate for “front-line employees in customer fulfillment and transportation” now stands at $19 an hour, with salaries ranging between $16 and $26 per hour, depending on position and location.
In the same press release, Amazon also revealed it will begin offering its instant payment system, Anytime Pay, to all US employees within its operations, corporate, and technology departments. The program allows workers access up to 70 percent of their eligible earned pay whenever they want, without fees, interest, or penalties. “Previously, most Amazon employees received their regular pay once or twice monthly,” the company says.
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