THE ON DECK NEWS

THE ON DECK NEWS DAILY

Menu
  • Terms and Conditions
  • Privacy Policy
Menu

Walgreens will elevate wages for hourly staff to $ 15 by way of November 2022

Posted on August 31, 2021 by

A person enters a Walgreens store in San Francisco, California, United States on Tuesday, April 13, 2021.

David Paul Morris | Bloomberg | Getty Images

The drugstore chain Walgreens Boots Alliance announced Tuesday that it would gradually increase its hourly wages, with a goal of reaching $ 15 an hour by November 2022.

There will be the first salary increases in October. The company did not disclose its current average hourly wage or the number of workers who would see a raise.

The move comes as retailers compete for workers in a tight labor market. Earlier this month, competitor CVS Health raised its minimum wage and lifted its employee education requirements. CVS plans to increase its hourly wage from $ 11 to $ 15 per hour by July 2022, with incremental increases starting this month.

Walgreens said it would cost $ 450 million over the next three years to raise his salary. Around a third of these costs will be incurred in fiscal year 2022. The drugstore chain assumes that it can offset the impact of the investment in the normal course of business.

“Investing in and rewarding our team members is not only right, but it is also very important to retain and attract talented people and continue to fulfill our vital role in community health care,” said Roz Brewer, CEO of Walgreens in a press release.

The raise is one of Brewer’s first initiatives since becoming CEO. Brewer, the former Chief Operating Officer of Starbucks, recently appointed several top executives – including a newly created position as Chief Customer Officer.

Walgreens did not immediately respond to CNBC’s request for further comments.

The company hired 25,000 full and part-time employees in the wake of the pandemic.

Recent Posts

  • A Review of the Quinear Air Compression Leg Massager
  • Cloud Massage Shiatsu Foot Massager Machine Reviews
  • How to Activate Your New Credit Card
  • Ways to Pay With Mastercard
  • The Benefits of an Amex Platinum Card

Recent Comments

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021

    Categories

    • Business
    • Finance
    • Health
    • Life
    • News
    • Shopping
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    ©2022 THE ON DECK NEWS | Design: Newspaperly WordPress Theme