Nike to raise salaries of 7,500 employees globally
Sports brand Nike Inc announced on Monday that it would be giving some 7,500 employees a salary boost, following an internal global pay review that started two months ago.
This equates to 10% of its total global workforce, which stands at 74,400 workers, according to a recent legal filing. A company spokesperson said the pay raise is applicable to selected employees across all levels and locations.
In May, the company started a probe into its workplace culture and practices, after employees made complaints to HR about the company’s exclusive and toxic environment.
That led to a number of long-time senior executives, including Brand President Trevor Edwards, stepping down. CEO Mark Parker also made a very public apology to staff in a company-wide townhall meeting, where he said the company “just can’t accept” the lack of equal treatment across teams, and will work towards creating a workplace where “every voice is heard”.
This latest pay hike, according to The Wall Street Journal, will take effect in August, and will be annualised over the balance of the company's fiscal year.