Apple said it will increase the salary of its American employees starting this month


Apple is raising the pay of many US retail employees starting this month, Bloomberg News reported on Friday. The raises range from 2 percent to 10 percent, depending on store location and role, and will go to sales staff, including Genius Bar technical staff and some senior hourly workers, according to the report, adding that raises will not apply to all employees. Apple is expanding its retail operations, betting that a combination of strategies developed before and during COVID-19 will make its stores more popular than ever.

Last year, Apple reportedly paid one-time bonuses of up to $1,000 (approximately Rs. 75,700) to store employees ahead of the peak holiday season.

Apple did not immediately respond to a Reuters request for comment.

Your CEO’s pay, tim cookin 2021 it was nearly $100 million (approximately Rs. 760 crore) thanks to stock awards, or about 1,447 times that of the average employee.

apple recently inserted a new feature that will allow businesses to accept credit cards and digital payments with just a tap on their iPhones, bypassing hardware systems like Block’s Square terminals.

The feature, due to launch later this year, will use near-field communications (NFC) technology to make all kinds of payments, including between iPhones, Apple said Tuesday. The tech giant added that it wouldn’t know what was being bought or who was buying it, emphasizing the services’ privacy feature.

fintech services Stripe Y Shopify Point will be the first to offer the “Tap to Pay” feature to business customers in the spring of 2022 in the US, the company said in a statement.

“Whether you’re a seller at an internet-first retailer or a sole proprietor, you’ll soon be able to accept contactless payments on a device that’s already in your pocket: your iPhone,” said Billy Alvarado, Stripe’s chief business officer.

© Thomson Reuters 2021


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