Tyson Foods to Give Over 90,000 U.S. Hourly Team Members Approximately $50 Million in Year-End Bonuses
December 06 2022 - 6:55AM
Tyson Foods is saying thank you once again to more than 90,000
hourly team members across the U.S. 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 bonuses range from $300
to $700, and will be distributed starting mid-December.
In addition to year-end bonuses, Tyson is offering flexible work
schedules at some facilities, and new and expanded benefits,
services and resources for all U.S. team members beginning in 2023.
This includes new parental leave, additional mental health support
and other health plan benefits to enhance our caring and inclusive
culture. With average hourly pay of around $19, plus the value of
medical, dental and vision insurance, vacation and other
benefits, the average total compensation for hourly team
members is approximately $24 an hour, or an annual average value of
nearly $50,000. This does not include overtime, an option many team
members choose, or other incentives.
“We’re extremely grateful for all of our team members in the
hundreds of communities where we operate and we want to recognize
our success together and say thank you,” said Donnie King,
president and chief executive officer of Tyson Foods. “As we
progress our efforts to be the most sought-after place to work, we
continue to listen to our team members needs and invest in areas
like childcare to provide a better quality of life for our team
members.”
Tyson also provides opportunities for education and life-skill
development through the Tyson Immigration Partnership
(TIP), which helps immigrant team members acquire U.S.
citizenship. In 2022, Tyson strengthened its commitment to
immigrant team members and has now invested more than $2.4 million
to support partners like Immigrant Connection, a non-profit
organization that provides immigrants with legal services, such as
employment authorization renewals and petitions for
citizenship.
The company’s Upward Academy program
also offers free and accessible classes in English as a Second
Language (ESL), High School Equivalency (HSE), financial literacy
and digital literacy. In 2022, we expanded Upward Academy to
provide free education for all U.S. team members. Our investment
covers 100% of all tuition, books and fees and will include access
to more than 175 programs from over 35 top universities and
learning providers. We’re also helping address the barriers of
transportation through a growing ride-share
program that provides a low-cost way to commute to work at
Tyson.
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 four 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®. Headquartered in
Springdale, Arkansas, the Company had approximately 142,000 team
members on October 1, 2022. 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 www.tysonfoods.com.
Media Contact: Kelly Hellbusch,
Kelly.hellbusch@tyson.com, 281-799-9784.
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