Apple’s corporate employees will now get less bonus. Earlier, the company usually had the process of bonus and promotion once or twice in a year according to the division in April and October, but now under the new scheme it will not happen next month.
New Delhi. There is news of shock for the employees of American tech giant and iPhone maker Apple. According to the news published in Bloomberg, this person with knowledge of the matter told that the bonus of some corporate divisions of the company is being delayed. Apart from this, the company is making efforts to reduce the cost.
Apple’s corporate employees will now get less bonus. Earlier, the company usually had the process of bonus and promotion once or twice in a year according to the division in April and October, but now under the new scheme it will not happen next month. Apart from this, the company is also stopping hiring. The company is now adopting the strategy of hiring only on the vacant position when an employee leaves the company.
This time only one bonus promotion in Apple
Under the new plan, Apple will have only one bonus-promotion this time. Most of the company’s divisions, including software engineering and services, had already moved to a once-a-year schedule for bonuses and promotions, but employees in operations, corporate retail and the rest of the group are still on a bi-annual plan.
The company’s new plan will be applicable on these
This move of the tech giant will help the company to retain its employee as such employees who were planning to leave the company after getting bonus in April, will not leave now. The company’s new scheme will be applicable only to engineers, non-engineers and mid-level managers, not to senior employees at director level or above. Senior employees usually get bonus every quarter.
