Tyson Foods Inc. of Springdale said it would pay approximately $50 million in bonuses to its frontline and hourly employees at the end of the year.
The company said the bonuses will work out to between $300 and $700 per U.S. employee. Tyson Foods said it has paid more than $500 million in wage increases and bonuses over the past year, and the average pay for an hourly employee is now $18 an hour.
“This is yet another way for us to say thank you and show how grateful we are for our frontline teams’ efforts to keep each other safe, our company strong and our world fed over the past year,” Tyson Foods CEO Donnie King said. “While 2021 presented many challenges, our entire Tyson team continued to meet them, head on.”
The meat giant reported income of $3.05 billion for fiscal 2021 in November, which was an increase from $2.06 billion in 2020. The company said it has approximately 120,000 U.S. employees.
Tyson Foods said it was implementing more flexible work schedules and paid sick leave beginning Jan. 1, 2022, at some of the company’s plants. Tyson Foods said it has seven health centers for its employees and has started a child care pilot program for its late-shift employees at a beef production plant in Amarillo, Texas.
“Tyson wants to be the most sought-after place to work, period,” King said. “Our frontline team members tell us higher pay is important, but that’s only a part of the story — they also want more flexibility and more say over their time. In rural parts of the country, they don’t want to have to drive miles to see the doctor. Everything we’re doing is because our team members are the heart of our business and its future success.”
A previous version of this story mistakenly stated Tyson’s income as revenue.