Tyson Foods to Give Frontline, Hourly Team Members Approximately $50 Million in Year-End Bonuses
December 06 2021 - 9:00AM
Tyson Foods (NYSE: TSN) is saying thank you once again to its
frontline and hourly team members by giving them approximately
$50 million in year-end bonuses for their efforts over the
past year. For team members in the U.S., these one-time bonuses
will be based on tenure, range from $300 to $700, and be
distributed starting this month.
“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,”
said Donnie King, president and chief executive officer of Tyson
Foods. “While 2021 presented many challenges, our entire Tyson team
continued to meet them, head on.”
Tyson Foods has also invested more than $500 million in wage
increases and thank you bonuses for frontline workers over the past
year. With average hourly pay of more than $18, plus the value of
medical, dental and vision insurance, vacation and other benefits,
the average total compensation for hourly team members has
increased to more than $24 an hour, or an annual value of more than
$50,000. This does not include overtime, an option many team
members choose, or other incentives. For example, as part of the
company’s efforts to protect its U.S. workforce against COVID-19,
the company paid $200 to frontline team members who were fully
vaccinated.
Tyson is looking at other ways to better support its frontline
workforce. In addition to pay increases and signing bonuses, it is
offering more flexible work schedules at some facilities and,
starting January 1, 2022, paid sick leave. The company has opened
seven health centers to give frontline team members and their
families easier access to high-quality healthcare at, in most
cases, no cost. Tyson is also addressing childcare needs. For
example, the company recently launched a pilot to offer access to
high-quality childcare for late-shift workers at its Amarillo,
Texas, beef production complex.
“Tyson wants to be the most sought-after place to work, period,”
said King. “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.”
Tyson also provides training and development opportunities so
frontline team members can further their career and personal goals.
The company’s Upward Academy program, which marked its fifth
anniversary in 2021, helps team members develop life skills,
offering free and accessible classes in English as a Second
Language (ESL), High School Equivalency (HSE), U.S. citizenship,
financial literacy and digital literacy. Earlier this year, the
company launched Upward Pathways, an in-plant career development
program that provides frontline team members with free job skills
training and workforce certifications. A third program, 1+2
Maintenance Training, is an “earn while you learn” education and
career opportunity for team members interested in highly skilled,
high-paying maintenance jobs. Tyson offers the program in
collaboration with local community colleges in many locations, and
also pays two-thirds of the tuition.
About Tyson Foods, Inc. Tyson Foods,
Inc. (NYSE: TSN) is one of the world’s largest food companies and a
recognized leader in protein. Founded in 1935 by John W. Tyson and
grown under three generations of family leadership, the company has
a broad portfolio of products and brands like Tyson®, Jimmy
Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®,
ibp® and State Fair®. Tyson Foods innovates continually
to make protein more sustainable, tailor food for everywhere it’s
available and raise the world’s expectations for how much good food
can do. Headquartered in Springdale, Arkansas, the company has
139,000 team members. Through its Core Values, Tyson Foods strives
to operate with integrity, create value for its shareholders,
customers, communities, and team members and serve as a steward of
the animals, land and environment entrusted to it.
Visit TYSONFOODS.COM to learn more.
Media Contact: Derek Burleson, 479-290-6466Category: IR
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