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Starbucks is offering $1,200 bonuses, expanded tipping, and weekly payouts to boost the pay of its U.S. baristas [Yahoo! Finance]
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
The $103 billion coffee chain announced on Thursday that it would expand bonuses and tipping options in a bid to boost worker pay. Starting this July, all of its U.S. hourly workers, including baristas and shift supervisors, can make up to an additional $300 each quarter—amounting to $1,200 a year—when their stores meet or exceed sales, operational, and customer service goals. There will also be new pathways for customers to tip their baristas. Currently, tipping is restricted to patrons who place orders in-store and in the drive-through and pay with cash, credit cards, or mobile transactions via Starbucks cards. But under the new policy rolling out this summer, customers will also be able to tip when paying with a credit card for mobile orders and when scanning and paying at the register. Thanks to the new bonus and tipping incentives, Starbucks estimates that eligible U.S. employees will earn 5% to 8% more than what they earn today. The Seattle-based coffee chain said its baris
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- Starbucks brings back two viral drinks not seen in nearly a decade [Yahoo! Finance][Yahoo! Finance]
- Starbucks to prompt more tipping on card payments, fueling 'tip creep' backlash [FOX News][FOX News]
- Jim Cramer Discusses Starbucks (SBUX) CEO's Turnaround Algorithm [Yahoo! Finance][Yahoo! Finance]
- Starbucks rolls out performance bonuses, tipping changes for baristas [Yahoo! Finance][Yahoo! Finance]
- Starbucks Pay Revamp Tests Link Between Barista Incentives And Margins [Yahoo! Finance][Yahoo! Finance]
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