NIKE’s total rewards are designed to be competitive and equitable, meet the diverse needs of our global teammates and reinforce our values. Our goal is to support a culture in which everyone feels included and empowered—and rewarded for the success we create as a team.
A personalized and holistic rewards system is essential to attracting, inspiring and developing premier talent. We link pay to company performance, demonstrated and expected individual performance, contributions and impact, and key talent needs for NIKE’s longterm growth.
Company performance plays a significant role in our short-term and long-term incentives; individual performance impacts rewards like base pay increases, milestone bonuses and promotions into roles with more scope and responsibility.
We believe that competitive and equitable rewards go hand in hand while recognizing that pay can be managed and assessed in a number of ways. NIKE annually benchmarks with other leading global companies. We use this data to inform salary investments and adjust the pay ranges and rates that guide our decisions.
During FY21, we raised our minimum hourly rate to $15 for retail store teammates in North America and increased our hourly rates for store employees across our Europe, Middle East & Africa Geography.
We define pay equity as equal compensation for employees who undertake the same work at the same career level, location, experience and performance. Globally, we assess this across gender, and in the U.S., we also assess this across races/ethnicities. In 2016, we signed the White House Equal Pay Pledge and have developed an ongoing discipline of reviewing our pay practices annually to achieve and maintain pay equity for our approximately 75,000 teammates across all geographies, functions and business units.
Our FY21 pay equity data shows that for every $1 earned by men, women globally earned $1, and for every $1 earned by white employees in the U.S., racial and ethnic minority employees earned $1.