Amazon Has Increased its Max Mase Pay for Corporate Workers to $350k

According to an internal memo from e-commerce giant Amazon, the company is more than doubling its maximum base salary for corporate workers.

The company will now cap its base pay at $350,000, up from its previous max of $160,000, citing the competitive labor market as one of the factors behind the change.

The internal memo to employees said that will now cap base pay for all white-collar workers at $350,000. Base pay is only a portion of employees’ total compensation. This figure does not include restricted stock units or other cash, such as sign-on bonuses.

“This past year has seen a particularly competitive labor market, and in doing a thorough analysis of various options, weighing the economics of our business and the need to remain competitive for attracting and retaining top talent, we decided to make meaningfully bigger increases to our compensation levels than we do in a typical year,” according to the memo, that was first reported by GeekWire.

The company also said that it’s increasing overall compensation ranges for most jobs globally, and “the increases are much more considerable than we’ve done in the past,” according to the memo.

Amazon did not rank among the top seven employers for engineering pay last year, according to Levels.fyi, which tracks pay in the tech industry.

An Amazon spokesperson confirmed the authenticity of the memo.

Disclaimer: We have no position in any of the companies mentioned and have not been compensated for this article.