Amazon Hiring, Pay Strategy Leading to Frustrated Employees

  • Amazon historically likes to hire “missionaries” over “mercenaries,” or employees driven by pay. 
  • But employees are becoming frustrated by what they say is low compensation and slow stock vesting.
  • It’s led to contentious internal meetings and high attrition at the vice president level. 

Amazon employees are reaching a breaking point over the company’s longtime hiring and pay strategy.

Insider reported on Wednesday that the e-commerce giant is facing criticism from employees over what they see as below-market pay. It’s led to contentious internal meetings and a higher-than-usual attrition rate: at least 50 vice presidents left the company in 2021, according to people familiar with the matter and Insider’s analysis.

Amazon has historically sought out employees who are passionate about the company’s mission rather than driven by high pay. Company executives have referred to this hiring strategy as targeting “missionaries” over “mercenaries.” In the past, this strategy

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Kinetic GPO Selects Amazon Business to Provide Fast and Efficient Shipping Services to Organizations Across Canada

CAMBRIDGE, ON, Jan. 17, 2022 /CNW/ – Kinetic GPO, a cooperative purchasing organization that services Canadian public sector and nonprofit organizations, announced today it has entered into a three-year contract with Amazon Business Canada as of July 1, 2021.

This agreement allows Kinetic GPO’s members across Canada to experience fast, efficient and convenient shipping options on hundreds of millions of products across categories like office, IT, janitorial, food service and professional medical supplies. In addition, Amazon Business helps public entities achieve their goal of allocating more of their spending to small, diverse and local sellers.

“We’re excited to be working with Kinetic GPO,” said Nick Georgijev, country manager for Amazon Business Canada. “Making online procurement easier for broader public sector customers of all sizes is among our top priorities and one we share with Kinetic GPO.”

“Amazon Business delivers the buying experience Kinetic GPO members want, and

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Sell B2B on Amazon Business

Would you like to market your business product to 50 of the largest hospital systems in the US? And to 40 of the governing bodies of the country’s largest cities? And 55 Fortune 500 companies?

You can reach millions of business customers like that when you sell B2B on Amazon Business.



What is Amazon B2B?

There are two main types of Amazon B2B business customers: Amazon business buyers and Amazon business sellers. Amazon business customers can sell and purchase business products.

They can sell products one at a time, or in bulk. They can sell one product, several dozen products or hundreds of products. You can select which products in your line that you’ll make available for sale.

Those who use Amazon business reach millions of other businesses. Businesses of all sizes take advantage of a key perk – the visual dashboard.

The visual dashboard works like a sales snapshot.

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My Favorite Warren Buffett Stock to Buy for 2022

Legendary investor Warren Buffett is one of the best stock pickers of all time. His stock picks are available for everyone to view every quarter when his holding company, Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), files a 13F, as required by law. 

His portfolio has a host of powerhouse stocks, including Apple, Coca-Cola, and Bank of America. However, my favorite stock from the portfolio for 2022 is Amazon (NASDAQ:AMZN). Let me explain why.

A person making an online purchase.

Image source: Getty Images.

Amazon is growing sales and cash flow

Amazon has been an excellent business for a long time, and it got a booster dose of growth at the onset of the pandemic. Hundreds of millions of people turned to the e-commerce retailer to deliver the goods they needed and wanted while they were mostly stuck at home. Amazon fulfilled the vast majority of those orders with relatively few problems. 

Indeed, revenue

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Rivian Stock Is Dropping. Blame Amazon.

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Amazon has ordered 100,000 delivery vans from Rivian.


Courtesy Amazon

Stock in Rivian Automotive is falling fast because it seems the start-up has competition in supplying electric trucks to Amazon.com, one of its investors.


Rivian
stock resumed its slide Thursday, falling another 11% to about $80. That’s just a hair above its initial public offering price.

On Wednesday, Rivian (ticker: RIVN) stock closed down more than 11% at about $90.01 a share, while the


S&P 500

fell 1.9% and the


Dow Jones Industrial Average

dropped 1.1%. The market weakened as the minutes from the latest meeting of the Federal Reserve’s rate-setting committee, made public Wednesday afternoon, led to expectations for tighter monetary policy to fight inflation.

But earlier Wednesday, before the Fed news hit stocks,


Stellantis
(ticker: STLA) and Amazon (AMZN) had announced a collaboration that was centered on vehicle software. The news release, however, also said

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