Nike Is Giving A Raise To 10% Of Their Employees

It was time.

Stefon Walters


Tue Jul 24 2018 17:30:00 GMT+0000 (Coordinated Universal Time)

Nike, which employs around 74,000 people, announced that they would be giving a raise to roughly 10% of their workforce. They'll also be changing the way bonuses are issued.

The company culture at Nike has been looking funny in the light lately, as reports of inappropriate workplace behavior have been surfacing like dead fish in a pond. Add that to the complaints about the lack of diversity at the executive level and the gender pay gap and, well, can see why it's time for a change up there in Oregon.

Nike didn't specify just how much the raises would be, they just mentioned it would be "competitive." (It's worth noting that I've never seen a company not call a salary competitive, but ya'know).

Also, instead of employee bonuses being determined by personal and team performance, the company plans to now base bonuses more so on company performance as a whole.

Raises don't necessarily fix company culture as a whole (not hiring shitty people helps a lot more with that), but it was definitely well overdue and a good step in the right direction.

Nike made $36.4 billion in revenue last year.

Refinance Your Student Loans

In Case You Missed It

The 4 Asset Classes to Know
Debt-to-Income Ratio
Assets vs. Liabilities
  • Fixed APR: 3.50% - 7.82%

  • Variable APR: 2.43% - 7.21%

  • Minimum credit score: Mid-600s

  • Fixed APR: 3.87% - 7.03%

  • Variable APR: 3.05% - 7.79%

  • Minimum Credit Score: Mid-to-High 600s

  • Fixed APR: 3.50% - 7.02%

  • Variable APR: 2.43% - 6.65%

  • Minimum Credit Score: Mid-600s

  • Finessin' Finances Twitter
  • Finessin' Finances Instagram
  • Finessin' Finances YouTube
  • Finessin' Finances Facebook