Nike Announces Pay Increases for Thousands of Employees

CNNMoney reports that Nike has decided to give approximately 7,000 employees, or 10 percent of its global workforce, pay raises. Nike spokeswoman Sandra Carreon-John said the company wants to "support a culture in which employees feel included and empowered," adding that the raises are a way for Nike to ensure its wages remain competitive. Carreon-John noted that Nike reviews pay every year, but that it conducted a "deeper analysis" this year. Nike also changed its bonus structure. Bonus determinations used to be based on a combination of company, team, and individual performances. Now, they will be based solely on company-wide performance. Stock-eligible employees will now have a choice as to how they would prefer to receive annual stock awards: as stock options, restricted stock uses, or a mixture of both.