Apple Is Giving Out Smaller Raises to Retail Employees in Post-Pandemic Slowdown
- Company’s latest retail pay increases average about 4%
- Rising inflation fueled the bigger-than-usual hikes last year
The company is disclosing average annual raises this week of roughly 4%, a return to the levels from 2020 and earlier.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Apple Inc. is issuing smaller raises to its retail employees this year, marking a deceleration from atypically large pay hikes during the pandemic, according to people familiar with the matter.
The company is disclosing average annual raises this week of about 4%, a return to the levels from 2020 and earlier, said the people, who asked not to be identified because the information is private. The latest range was typically between 2% and 5%, they said.