Apple, one of the companies that has largely avoided the negative economic impact of the current global health crisis, is planning to reward retailers who worked during the pandemic with $1,000.
According to Bloomberg, employees of the tech company's retail centers who were hired before March 31, 2021 will receive a bonus of $1,000. Those who register after this date are eligible for a $500 bonus. Meanwhile, $200 will be received for new employees for the upcoming shopping season.
When the coronavirus started in early 2020, like most stores, Apple stores closed on a number of occasions, while spending more on online shopping. Thousands of workers have migrated to online sales opportunities — with this in mind, not only Apple Store employees are rewarded. AppleCare and online sales staff will also get a surprise bonus.
Apple is not used to rewarding its retail employees. The final reward in 2018 was that Apple distributed $2,500 in limited stock to a large portion of its workforce, including those who work in retail stores. The bonus was given to Apple after the tax changes were implemented to recover funds from its huge external cash reserves - nearly $200 billion - at a reduced cost.
This time Apple's cash bonus to its retail workforce in the middle of a record-breaking year for the company. Demand for Apple products is only growing, this year's revenue report shows. In the second fiscal quarter ending March 27, 2021, it posted record revenue of $89.6 billion. The next quarter, which ended in June, was $81.4 billion, up 36 percent from 2020. This device needs all the manpower it needs, especially with the upcoming iPhone 13 release.
Due to the outbreak of the Apple epidemic, a bonus of $1,000 will be given to retail employees