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  • Amazon will raise pay by up to $3 an hour for 500,000 employees.
  • The company announced the change in a statement on Wednesday.
  • Amazon is hiring for tens of thousands of jobs across the US.
  • See more stories on Insider's business page.

Amazon will raise pay by up to $3 an hour for 500,000 associates, the company announced Wednesday.

The pay increases, which will range between 50 cents and $3 hourly, will affect workers in fulfillment, delivery, package sortation, and specialty fulfilment, the company said.

The increases represent an investment of over $1 billion in incremental pay, according to Amazon vice president Darcie Henry.

Henry said the pay increase is to incentivize hiring for tens of thousands of jobs across the US.

"These jobs come with a range of great benefits, like medical, dental, and vision coverage, parental leave, ways to save for the future, and opportunities for career advancement-all in a safe and inclusive environment that's been ranked among the best workplaces in the world," Henry said in a release.

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The company was not immediately available for additional comment.

This story is developing. Please check back for updates.

Read the original article on Business Insider