Tyson Foods is saying thank you 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, ranging 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.
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, 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 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.”
About Tyson Foods, Inc.
Tyson Foods, Inc. 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.