Las Vegas

Costco raised its minimum wage to $17 an hour | COVID-19 – Las Vegas, Nevada

Las Vegas, Nevada 2021-10-27 14:20:00 –

Costco raised the starting wages for its second US hourly clerk this year as businesses raised wages to attract and retain workers this week. Labor shortage..

Costco told employees last week that it would raise the minimum wage from $ 16 to $ 17 an hour starting Monday. Costco has approximately 180,000 American employees, 90% of whom work every hour. Costco’s new start-up wage is one of the lowest turnover rates in the retail industry, with chains $ 2 per hour above the minimum wages of Amazon, Target, and other top retailers, and 5 per hour above Wal-Mart. It is above the dollar.

Costco’s latest wage increases come from many retailers, restaurants and other service sector employers raising wages, offering contracts and correspondingly sweetening their benefits packages. Struggling to hire workers..

Costco has raised the minimum wage to $ 14 in 2018 and $ 15 in 2019. In February, a company based in Issaquah, Washington raised the minimum wage to $ 16 per hour.Business Insider First report Its latest increase.

“These increases are part of Costco’s ongoing efforts to make hourly wages highly competitive in the retail industry,” Costco CEO Craig Jerinck said in a memo to employees. I am.

Companies are competing for the workforce, putting pressure on them to raise wages. According to the latest report, the average hourly wage of retail workers increased by 3.8% in September from the same period last year. data From the Ministry of Labor.

Amazon, Target, Best Buy and others have recently raised their starting wages to $ 15 per hour. Amazon said in April that its hourly wage was increasing between $ 0.50 and $ 3 for its 500,000 employees.

Wal-Mart raised the minimum wage from $ 11 to $ 12 last month, but CVS and Walgreens said they would raise their starting wages to $ 15 per hour in August.

Wages in the private sector as a whole in September increased by 4.6% year-on-year.

The-CNN-Wire

™ & © 2021 Cable News Network, Inc., Warner Media Company. all rights reserved.



Source link

Back to top button