When Amazon.com Inc. announced its employees' average annual salary of $ 28,446 last week, the overwhelming majority of the workforce became apparent.
The figure puts Amazon on par with chocolate maker Hershey Co., somewhat above the retailer Home Depot Inc. – and miles under the $ 240,430 annual compensation on Facebook, according to the company's latest proxy statements.
Amazon is often Google compared to Silicon Valley tech giants like Facebook, Apple Inc. and Alphabet Inc., but a huge logistical apparatus separates it from its tech peers.
Most of the approximately half a million Amazon.com Inc. employees do not make six-digit numbers and spend their days writing code. They unload trucks, drive with forklifts, and run for miles to collect products to fulfill orders ̵
A researcher compared Amazon to the child that emerged through a three-way merger between Google and United Parcel Service Inc. and Walmart Inc.
"At Amazon, you have this whole group of foot soldiers out there who are at Fulfillment centers that are not part of the image for the other names in the Internet country, "said Michael Olson, Senior Research Analyst at Piper Jaffray. "It shows how Amazon differs from the other tech stocks."
More than 330 major listed companies have published for the first time this year's average annual payrolls, a requirement of the Dodd-Frank Law after the financial crisis. Median salaries so far reported $ 253,015 at biotech companies
less than $ 10,000 for retailers with large part-time workers and some high-paid manufacturers in low-wage countries.
In the S & P 500, Amazon is not classified as a technology stand, but as part of the retail industry. At the same time, according to analysts surveyed by FactSet, Amazon will reach 184x its estimated profit this year – a much higher rating than even Facebook and Alphabet.
Amazon started as a retailer, but always had technology at its core. As managing director
founded Amazon in 1994, was a bookseller, but he used the nascent Internet to connect distant customers.
Today, Amazon uses software to do everything it does, whether it commutes packets around the world, streaming movies on the Internet, storing corporate digital files on their servers, or recommending customers products. It has spent years refining its machine learning and artificial intelligence technologies to predict demand, detect fraud, and recommend products to customers.
But with more than 175 operations and fulfillment centers where workers accept, pack, and ship orders, and more than 35 sorting centers worldwide, most of Amazon's employees stand in stark contrast to the more than 45,000 Seattle and Seat employees elsewhere.
The median wage data was published under new rules that provide information for public companies. The companies have some leeway, as they specify the number that should identify the worker who is paid for all employees in the middle.
The median salary of $ 28,446 is about $ 13.68 an hour – about what typical US front-line warehouse workers do, experts say. The Median Is worth to Amazon employees from more than 50 countries and extends to the entire workforce of Amazon, including full-time and part-time employees in all areas of the company.
"These roles range from employees in our fulfillment centers to customer service representatives to software developers and product managers," said an Amazon spokeswoman. Amazon pays its full-time fulfillment centers in the US an average hourly wage of more than $ 15, including cash, stock and incentive bonuses, the spokeswoman said.
In some ways, Amazon's workforce resembles that of major retailers. According to a Wall Street Journal analysis of the corporate proxy data provided by MyLogIQ LLC, Amazon has received the fifth highest average pay of S & P Global rated retailers, exceeding the average figures of Home Depot Inc., Macy & # 39; s Inc., Gap Inc., and Walmart Inc. Walmart announced on Friday evening in a securities claim that it paid its median $ 19,177 last year, close to the middle of 18 retailers that have previously reported data.
Amazon's Average Compensation for All 10 Companies in S & P Global Leaderboards in the Transportation Industry, Including Several Rail and Airline Companies
The company's "tremendous market advantage" does not seem to imply higher pay for the middle warehouse worker Lead, said Ben Zipperer, economist at the Economic Policy Institute, a left-wing think tank in Washington, DC
Brian Devine, senior vice president at Logistics Staffing Pro Logistix, estimates that Amazon rents in the top half of its employees in logistics, but not in the top 10%.
U.S. Cities competed for the chance to host Amazon's next group of salaried jobs, which could number up to 50,000, at a planned second headquarters.
The average salary for software developers working for Amazon in the United States is $ 107,000, according to employees' salaries at Glassdoor, an online marketplace where employees can report their salaries anonymously. According to Glassdoor, the average salary for Amazon logistics specialists in the US is approximately $ 45,000.
Amazon has indicated that the average payroll for rolls in its second headquarters could exceed $ 100,000 depending on location. Please contact Georgia Wells at [email protected], Rachel Feintzeig at [email protected] and Theo Francis at [email protected]