Apple plans to significantly increase its benefits for U.S. retail store workers as the company deals with a tightening labor market.
Mark Gurman for Bloomberg News:
The iPhone maker plans to adopt the following changes for U.S. workers beginning on April 4:
• Doubling paid sick days for both full-time and part-time workers. The days can be used for mental health leave and taking family members to the doctor. This change will give full-time workers 12 paid sick days, instead of six.
• Workers will receive more annual vacation days, beginning at three years of employment instead of five.
• Part-time employees will now get as many as six paid vacation days for the first time. Another first: They’ll get paid parental leave. That benefit will cover up to six weeks and will include the ability to gradually ramp up work time for the first four weeks back.
• Part-time workers also will get access to discounted emergency backup care for children or elderly family members.
MacDailyNews Take: Ah, the beauty of the free market in action!
The most important single central fact about a free market is that no exchange takes place unless both parties benefit. — Milton Friedman
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