As you all know, I talk about the Nike brand quite a bit here on the website. Well, they’ve been in the news recently and it’s not because the latest sneaker had a huge release like in the past. Nike has recently announced that they did a complete overhaul with the salaries of their employees.
This comes after Nike’s spokeswoman, Sandra Carreon-John said the company wants to “support a culture in which employees feel included and empowered. The raises are a way for Nike to ensure its wages are competitive,” she said.
Supposedly the company reviews pay every year but decided to conduct a “deeper analysis” this year.
There has previously been a series of changes in the company in regards to multiply complaints. Some of those complaints included sexual harrasment and even gender discrimination. Yes, even in 2018 we are dealing with companies who continue to make a difference in the pay and gender of their employees. Shame. It almost makes me sick to think I support a company like this with my money. But I look at myself as more of a supporter of good fashion.
Nike also changed its bonus structure which used to be based on a combination of company, team and individual performances. Now they’ll be based solely on company-wide performance.
And stock-eligible employees will now have a choice as to how they’d prefer to receive annual stock awards: as stock options, restricted stock uses, or a mixture of both. For this matter, I’m all for. You know I’m all about investments and ownership.
So, at the end of the day I’m glad to report and read that Nike has decided to make this change in equality for their employees.