Best Buy to pay up to $1,000 in bonuses to the electronics retailer’s workers
Best Buy, the nation’s largest consumer electronics retailer, says it will hand out bonuses to more than 100,000 employees, joining a growing list of U.S. companies sharing a portion of their windfall from the federal tax overhaul with employees.
The Minneapolis-based chain on Friday said that this month it will pay one-time bonuses of $1,000 to full-time workers and $500 to part-time employees.
Company spokesman Jeff Shelman said full-time salaried employees on a bonus plan won’t share the extra funds.
Best Buy joins a list of others including Walmart Inc., Walt Disney, and Starbucks Corp., adopting measures such as giving out bonuses, enhancing maternity benefits, helping parents with adoption costs, and raising wages following the sweeping tax overhaul enacted by Congress and the Trump administration in December.
At least one of the corporate bonuses has a sweeter taste than others.
Hostess Brands, the maker of Twinkies and other iconic snack products, announced last week that it would offer a year’s worth of free products to all employees along with bonuses totaling $1,250 to its 1,036 hourly bakery and corporate employees.
A representative from each of the company’s bakery locations will choose a “product of the week” for that facility. All employees will be eligible to take home one multi-pack of the week’s selection during each week of 2018.
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