Nike to rise salary of its employees
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After an internal review of the company’s pay structure, Nike has decided to increase the salaries of about 7,400 employees globally.
Ten per cent of the company’s workforce, across all job levels, will have their pay adjusted starting next month said Nike spokeswoman Illana Finlay in a statement on Monday. These changes are aimed to keep Nike salaries competitive within their industry, and “support a culture in which employees feel included and empowered.”
The review comes at a time in which Nike’s HR policy is in the spotlight with several executive-level resignations, including president Trevor Edwards, in which Nike flagged “conduct inconsistent with Nike’s core values and against our code of conduct,” though there were no direct allegations of misconduct against Edwards.
At the time, Nike’s human resources chief Monique Matheson noted the company had “failed” in promoting and hiring women and other senior-level positions.
“While we’ve spoken about this many times, and tried different ways to achieve change, we have failed to gain traction,” said Matheson.
“Our hiring and promotion decisions are not changing senior-level representation as quickly as we have wanted.”
Deloitte LLP managing principal and vice chairman Cathleen Benko was recently appointed to the company’s board of directors, bringing experience leading an award-winning women’s initiative and broader inclusion focus at Deloitte.
Questions & Answers
Q.Which employees will receive a pay rise?
Which employees will receive a pay rise?
About 7,400 Nike employees globally, which represents ten per cent of the company's workforce across all job levels, will have their pay adjusted. The increases are set to begin next month.
Q.Why is Nike increasing employee salaries?
Why is Nike increasing employee salaries?
The company states the changes are intended to keep Nike salaries competitive within the industry. They also aim to support a culture where employees feel included and empowered, following an internal pay structure review.
Q.What other HR issues has Nike faced recently?
What other HR issues has Nike faced recently?
Nike's HR policy has been scrutinised due to several executive-level resignations, including president Trevor Edwards, for 'conduct inconsistent with Nike’s core values'. The company also acknowledged failing to promote and hire women in senior roles.
Q.Who has recently joined Nike's board of directors?
Who has recently joined Nike's board of directors?
Cathleen Benko, managing principal and vice chairman at Deloitte LLP, was recently appointed to Nike's board. She brings experience in leading a women's initiative and a broader inclusion focus from her previous role.
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