HelpWanted.com

Costco raises minimum wage to $17 an hour

Costco raises minimum wage to $17 an hour
This week Costco raised its starting wage for hourly store workers in the US for the second time this year as more businesses hike pay and try to retain workers amid the labor and staffing shortage. Costco informed employees last week that it would increase the minimum wage from $16 to $17 an hour starting on Monday. The company has around 180,000 US employees and 90% of them work on an hourly basis. Costco has the lowest turnover rates in the industry and the new starting wage puts the chain $2 above Amazon, Target and other top retailers; minimum wages and $5 an hour above Walmart's minimum wage. 

The new pay hike at Costco comes while many retailers, restaurants and other service sector employers raise the pay for their employees, offer signing bonuses and provide benefits to retain employees. Costco raised its minimum to $14 in 2018 and $15 in 2019. In February, the company raised its wages to $16 an hour. Craig Jelinek, Costco CEO said in a memo to the employees, " These increases are part of Costco's continuing efforts to ensure our hourly wages remain extremely competitive in the retail industry." 

Source: CNN
Tags In
Diamonds IAS

Previous days news

Oct 27 Oct 26 Oct 25 Oct 22 Oct 21

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Salary Breakdown Vocal For Global Rehiring Micro Firms Edtech Lockdown In India SHRC Amazon India WhiteHat Jr Sensex Mumbai Jobs NABARD Wipro Recruitment Universal Basic Income Paid Internships Indian Economy , Lockdown Fatigue, Covid University Of Madras Women Bartenders New Venture Zomato Unlock 5 Concentrix Corporation APSC Women Jobs Platform Economy RoR Deceased Employee Online Travel Company Healthcare Jobs Axis Bank Jobs Jobs In Kashmir Banking Hiring Four-day Work Week GOVT Sports Industry Tech Mahindra USA Package Make In India Odisha Govt No Food Edtech Business Dangerous Jobs Myntra Mining Tour Of Duty Sports Quota Job Losss Gramin Dak Sevaks Employment Generation
Articles

With Remote Working Being the New Norm, How to Hire the Best remote Workers

Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...Read more

I-9 Compliance for Remote Employees - A Guide for Companies

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more

The Interviewer's Guide to Conducting Phone Interviews

The job market in the US is slowly gaining traction after the long period of gloom that took the un ...Read more

What Are the Costs to Consider While Planning A Recruitment Budget?

If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...Read more