Current:Home > ScamsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -DollarDynamic
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-14 07:17:59
The Home Depot is spending $1 billion to give associates wages of at least $15, the company announced Tuesday.
The first changes were reflected in employees' Feb. 17 paycheck, while other employees will see the changes on their Feb. 24 paychecks.
"The most important investment we can make is in our people," CEO Ted Decker said. "We believe this investment will position us favorably in the market, enabling us to attract and retain the level of talent needed to sustain the customer experience we strive to deliver."
It said it additionally has enhanced training and career development opportunities and promoted 65,000 associates in 2022.
veryGood! (1322)
Related
- Meta donates $1 million to Trump’s inauguration fund
- 'I've been trying to do this for over 30 years' — Billy Porter sings on his terms
- Papua New Guinea volcano erupts and Japan says it’s assessing a possible tsunami risk to its islands
- Graham Mertz injury update: Florida QB suffers collarbone fracture against Missouri
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- A timeline of key moments from former first lady Rosalynn Carter’s 96 years
- Jordan Travis' injury sinks Florida State's season, creates College Football Playoff chaos
- Got fall allergies? Here's everything you need to know about Benadryl.
- Travis Hunter, the 2
- 'Lawmen: Bass Reeves' tells the unknown tale of a Western hero. But is it the Lone Ranger?
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- New York Jets bench struggling quarterback Zach Wilson
- Taylor Swift returns to the Rio stage after fan's death, show postponement
- Verdicts are expected in Italy’s maxi-trial involving the ‘ndrangheta crime syndicate
- Tom Holland's New Venture Revealed
- Test flight for SpaceX's massive Starship rocket reaches space, explodes again
- Got fall allergies? Here's everything you need to know about Benadryl.
- Weeklong negotiations for landmark treaty to end plastic pollution close, marred in disagreements
Recommendation
The White House is cracking down on overdraft fees
3rd release of treated water from Japan’s damaged Fukushima nuclear plant ends safely, operator says
Fantasy Football: 5 players to pick up on the waiver wire ahead of Week 12
Palestinians in the West Bank say Israeli settlers attack them, seize their land amid the war with Hamas
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Los Angeles freeway is fully reopened after arson fire, just in time for Monday morning’s rush hour
32 things we learned in NFL Week 11: Unique playoff field brewing?
Taylor Swift returns to the Rio stage after fan's death, show postponement