HR NEWS

Apple to give lower-level staff US$2,500 in restricted stock

Apple to give lower-level staff US$2,500 in restricted stock

In line with a series of investments Apple announced yesterday (18 Jan), the iPhone maker will be awarding lower-level workers $2,500 in restricted stock, Axios reported.

In an email obtained by Axios, Apple’s CEO, Tim Cook, told employees:”To show our support for our team and our confidence in Apple’s future, we’ll be issuing a grant of $2,500 in restricted stock units to all individual contributors and management up to and including Senior Managers worldwide. Both full-time and part-time employees across all aspects of Apple’s business are eligible.”

Additionally, knowing that its employees value giving back to the communities, Apple plans to match all employee charitable donations, up to US$10,000 annually, at a rate of two to one, with immediate effect through the end of 2018.

Here’s Tim Cook’s full e-mail to staff, obtained by Axios:


Team, 

This morning we announced a new set of investments Apple will be making over the next several years, including expanding some of our existing campuses and establishing a new one. We’re also extending our efforts in support of coding education, ConnectED and STEAM programs. I encourage you to read about these announcements on AppleWeb. 

I’m excited to let you know that we’re also increasing our investment in our most important resource — our people. You are the heart and soul of Apple and we want you to share in the success made possible through your efforts. Your dedication helps Apple make the best products in the world, surprise and delight our customers, and ultimately make the world a better place. 

To show our support for our team and our confidence in Apple’s future, we’ll be issuing a grant of $2,500 in restricted stock units to all individual contributors and management up to and including Senior Managers worldwide. Both full-time and part-time employees across all aspects of Apple’s business are eligible. Details are available on AppleWeb. 

We also know how much our employees value giving back to the communities where we all work and live. I’m happy to announce that starting immediately and running through the end of 2018, Apple will match all employee charitable donations, up to $10,000 annually, at a rate of two to one. In addition, Apple will double the amount we match for each hour you donate your time. Last year, your generosity helped people around the world through causes that are important to you. I’m proud that this year we’ll be able to build on that tradition of giving. 

Apple’s success comes from our people and I am proud to work alongside each of you. On behalf of the Executive Team, thank you for your hard work and dedication. 

Tim


As part of the series of investments announced, Apple expects to invest over US$30 billion in capital expenditures in the United States over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one. Apple already employs 84,000 people in all 50 states.

The company plans to establish an Apple campus in a new location, which will initially house technical support for customers. The location of this new facility will be announced later in the year.

7 months ago

By admin


Social Share : Share      

Comments.....

Submit new comment

Most Viewed

Tim Hortons responds to franchisees’ ‘reckless’ benefits cuts...

7 months ago

WHO stamps Himachal Pradesh doctor low-cost protocol for rabies prophylaxis...

6 months ago

Bipolar disorder has seven key factors: Study...

8 months ago

Alberta MLA 'deeply regrets' firing woman who made sex harassment complaint...

7 months ago

Omega-3s from fish more effective in cancer prevention...

7 months ago

Plea to verify HR&CE dept official’s qualification...

7 months ago

Kaspersky Lab names Bhayani new General Manager for South Asia...

10 months ago

Students alert! Aadhaar Card not compulsory for UP Board class 10, class 12 exam...

7 months ago

Pain-free patch for diabetics may manage blood sugar for days...

7 months ago

All the big drifts for HR transformation in 2018...

7 months ago

Most Shared

Mass redundancies for Quebec cookie factory...

2 years ago

Trump this: 5 bold predictions for how he’ll impact HR...

2 years ago

InfoTycoon appoints existing President and COO Kevin George to succeed James Dav...

2 years ago

Sushant Dwivedy joins Aspiring Minds as SVP-Enterprise Client Solutions...

2 years ago

Uber introduces special reward programme...

2 years ago

Standard Chartered Bank to reduce 10% corporate & institutional banking staff...

2 years ago

National CineMedia (NCM) creates Affiliate Partnerships team, names Stacie Tursi...

2 years ago

OCC Names New CFO, Treasurer, and Chief Compliance Officer...

2 years ago

Beards at work are now a major turn-off say 61% of female office workers...

2 years ago

First female fast jet pilot of Britain hired as director at PwC...

2 years ago