Macy's plans to raise minimum wage and to offer tuition assistance

Nov 09, 2021
235 views
0 comments
Share
Benefits Reporting & Disclosure

Macy's said on Monday that it would raise its minimum wage to $15 an hour by May and will start offering education benefits to its employees by February. A company statement said that this rise in pay would lift Macy's average base pay above $17 an hour. Macy's did not confirm its current minimum wage but said that it varies from location to location. The education plan that the company plans to offer will cover tuition, books and fees for programs including high school completion, college preparation, and associate and bachelor’s degrees within a network. It is expected to cost the company $35 million over the next four years. Further, Macy's also said that it would offer employees an extra paid day off.

In anticipation of the upcoming holiday season, most retailers have been struggling to hire workers into the retail industry. Many chains are raising wages, offering bonuses, new benefits and additional flexibility to workers. Jeff Gennette, the chief executive of Macy's said that there was "a war for talent at the front lines." Macy's said that it aims to hire 76,000 full and part-time employees this season.

Source: The New York Times

235 views
0 comments

Tags In

Househelp Intercaste Marriage

Previous days news

Nov 8 Nov 3 Nov 1 Oct 29 Oct 28

Best tech jobs in the United States : BLS data

Sep 06, 2022
472 views
0 comments
Background Checks

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

Sep 06, 2022
448 views
0 comments
Background Checks

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

Aug 17, 2022
505 views
0 comments
Background Checks

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

Aug 17, 2022
421 views
0 comments
Background Checks

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

Aug 10, 2022
478 views
0 comments
Background Checks

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

Macy's plans to raise minimum wage and to offer tuition assistance

Macy's plans to raise minimum wage and to offer tuition assistance

Tags In

Others news

Category

Tags

Articles