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• Amazon says it will hire 250,000 new employees to keep up with holiday demand.
• The retail giant also increased average hourly pay for its workers on Tuesday.
• Amazon stock is currently up about 60% versus the start of this year.

Amazon.com Inc. (Nasdaq: AMZN) just revealed plans to hire a quarter-million new employees in the United States to prepare for the holiday demand.
 

Amazon is onboarding a lot more employees than last year

The 250,000 new hires will include both full-time and part-time employees as well as seasonal warehouse and delivery workers. According to John Felton – the Senior Vice President of Amazon’s Worldwide Operations:

 

Whether someone is looking for a short-term way to make extra money, or is hoping to take their first step toward a fulfilling and rewarding career at Amazon, there’s a role available for them.

The retail giant had hired 150,000 new workers before the holiday season last year.

Earlier this month, Amazon.com Inc. partnered with BMW on its next-generation automated driving platform as Invezz covered here.
 

Amazon is increasing the average hourly pay as well

On Tuesday, the Nasdaq-listed firm also said it was increasing hourly pay for its delivery and warehouse employees.

On average, those workers will now be paid $20.50 an hour versus $19 per hour last year. Its SVP John Felton also said in a statement today:

 

A fulfilment or transportation employee who starts with us today will see a 13% increase in pay over the next three year – like more, including our annual wage investments.

Amazon will even pay as much as $28 an hour to its employees in some of its locations. A $1,000 or $3,000 worth of sign-on bonus for the new hires is on the table as well. Last year, its delivery and warehouse employees made $19 an hour on average.

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