Starbucks Corp. will award a 2% pay increase to all salaried employees in North America during the current fiscal year, replacing the manager-discretionary merit raises that previously determined individual adjustments. The change applies to corporate staff as well as manufacturing, distribution and retail managers, including store managers who are classified as salaried workers. Chief Executive Officer Brian Niccol is making the move as part of a wider turnaround strategy aimed at improving service, cutting wait times and refurbishing stores after six straight quarters of comparable-sales declines. The company has asked managers to keep other expenses in check to fund those investments, and last year it cut 1,100 corporate jobs and tightened barista dress codes. The 2% bump trails the U.S. inflation rate, which has hovered above 3% in recent months, underscoring Starbucks’ emphasis on cost discipline while it seeks to revive revenue growth. In the prior fiscal year, employees received only 60% of their bonuses because of weaker financial results.
Starbucks Sets 2% Raises For Corporate Workers – WSJ https://t.co/xqrkL8tKMm
Starbucks dará a todos los empleados de Norteamérica un aumento, un cambio respecto a los aumentos de la nueva administración de la compañía. ¿De cuánto será? https://t.co/R73azVVMcI
Starbucks is giving corporate employees a 2% raise this year, moving away from merit-based increases at a time when the coffee chain is striving to control costs https://t.co/cTwH0VVLkr