Amazon raised the basic salary ceiling from $654.38+$6,000 to $350,000. Why can't it recruit people?

Amazon raised the basic salary ceiling from $654.38+$6,000 to $350,000. Why can't it recruit people? The increasingly severe labor market competition in the United States has aggravated the shortage of talents in large enterprises. Amazon, an e-commerce giant, has substantially raised the maximum basic annual salary of some employees to $350,000 to help recruit top talents and retain existing employees. On Monday morning, Amazon announced the plan to employees on its internal company website. "In the past year, the competition in the labor market was extremely fierce. After a thorough analysis of various options, weighing the economy of our business and the need to remain competitive to attract and retain top talents, we decided to substantially increase our salary. " The company said in an internal post. Based on this, Amazon will raise the basic annual salary ceiling of all white-collar employees to $350,000, which is significantly higher than the previous $654.38+$0.6 million. The basic salary only accounts for a part of the total salary of Amazon employees. Other salaries include employees' restricted stock and cash rewards, such as signing bonuses.

It is expected that this move will make Amazon's basic salary more consistent with other large technology companies, including Google, Facebook, Apple and Microsoft. Historically, Amazon's basic salary has been lower than many of its peers. Amazon has long rewarded employees with shares, betting that even if the basic salary is low, stock rewards can help the company recruit talents. However, as Amazon's share price was flat at 202 1, it only rose by 2.4%, far less than the 27% increase of the Standard & Poor's 500 Index, and this strategy began to lose its appeal. It is reported that the turnover rate within Amazon has reached a crisis level, with a record 50 vice presidents leaving last year. Twice the maximum wage. People who get the highest salary are naturally happy and their income doubles; People who can't get the highest salary originally, the rise of the highest salary has nothing to do with him, and it has been averaged again. In Amazon, are there more talents with the highest salary or more consumables without the highest salary?