Starbucks sets ambitious goals for corporate diversity — and ties it to executive pay
SEATTLE — Starbucks plans to significantly boost racial diversity among its workforce — and it’s making that goal a factor in the pay of its senior executives.By 2025, the Seattle coffee giant wants people of color represented in at least 30% of roles in corporate operations and 40% of retail and manufacturing roles, CEO Kevin Johnson told employees Wednesday. The goals, part of an ongoing effort to encourage diversity, reflect the company’s obligation “to build bridges and create environments where all are welcome,” Johnson said.Starting in 2021, the compensation of Johnson and 42 other senio...
The Seattle Times
Amid job cuts, Ford workers get merit pay delayed by coronavirus
Ford Motor Co. plans to “be applying merit pay increases, delayed early in the pandemic, in October,” a company official confirmed to the Free Press.T.R. Reid, Ford spokesman, declined to say how many workers would receive the increase or the size of merit pay.“Merit pay increases vary by person, based on achievement of objectives. Many people get them, but, by definition, not all,” he said. “We won’t provide numbers.”The message has remained consistent throughout the company’s global virtual town hall meetings in recent months as the automaker has worked to return to full production during th...
Detroit Free Press