Walt Disney Company offers $1,000 cash bonus to its worldwide 125,000 employees, according to the announcement made by the company on Tuesday.
The company has also vowed for an investment of $50 million with intent to help hourly working employees make payment of college tuition that starts with the forthcoming fall semester, said chief executive officer and company chairman Robert Iger, Tuesday. For the same, there are about 88,000 eligible employees.
Iger stated that, “I have always believed that education is the key to opportunity; it opens doors and creates new possibilities. Matched with the $1,000 cash bonus, these initiatives will have both an immediate and long-term positive impact.”
Moreover, many of the prominent companies have made a bonus plans recently for their employees. Over 67,500 workers from Florida at Sam’s Club and Wal-Mart will be paid with $105.7 million in bonuses and increases, says an announcement by the company earlier this month, while a few locations of Sam’s Club are getting closed.
Darden Restaurants Inc., Orlando disclosed earlier this month that the new GOP tax deduction will induce it to pay extra $20 million for its more than 175,000 employees this year, but didn’t they uncover the specific details.
Senior analyst, Tuna Amobi from CFRA Research said that, “The money for bonuses is a drop in the bucket. The financial impact is immaterial. I don’t think investors will be too focused one way or another. This might be another way to appease the workers,” he said. “It’s an opportunity for them to show they are sensitive to the employees.”