A provocative new report poses an interesting and somewhat controversial question regarding Apple - owner and operator of the world's most lucrative retail real estate. Does the Cupertino, California-based iDevice and Mac maker underpay its army of retail staffers?
Despite awards and accolades over the years hailing Apple as one of the best companies to work for (both in corporate offices and retail stores), The New York Times published a piece over the weekend that highlighted how much - or, perhaps, I should say how little - Apple pays its employees.
About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year.
"Apple is not selling polo shirts or yoga paints," the article reads. "Divide revenue by total number of employees and you find that last year, each Apple store employee — that includes non-sales staff like technicians and people stocking shelves — brought in $473,000."
In the big picture, Apple's retail stores remain a much better than average place to work, even in the retail sector. Not only does Apple pay well-above minimum wage, Apple offers exceptional benefits, 401(k) contributions, company stock options, and a killer employee discount purchase program.
As MMi reported last week, innumerable employees were recently rewarded with raises totaling upwards of 30% more than the previous salaries. Hourly wage bumps, however, were rumored to be closely tied to store performance and the performance of individuals within stores.
Source: New York Times