Current：Home > MarketsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -TradeBridge
The Home Depot says it is spending $1 billion to raise its starting wage to $15
Benjamin Ashford View
Date：2025-04-08 07:48:26
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！ (3926)
Related
- Trump wants to turn the clock on daylight saving time
- Gunmen kill 6 construction workers in volatile southwestern Pakistan
- Ohio’s Hopewell Ceremonial Earthworks mark UNESCO World Heritage designation
- New York officers won’t face charges in death of man who caught fire after being shot with stun gun
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Workers with in-person jobs spend about $51 a day that they wouldn't remotely, survey finds
- Sam Bankman-Fried's lawyer struggles to poke holes in Caroline Ellison's testimony
- In New Zealand, Increasingly Severe Crackdowns on Environmental Protesters Fail to Deter Climate Activists
- The Grammy nominee you need to hear: Esperanza Spalding
- 11 sent to hospital after ammonia leak at Southern California building
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Iran’s foreign minister warns Israel from Beirut it could suffer ‘a huge earthquake’
- Federal, local officials agree on $450 million deal to clean up Milwaukee waterways
- Coast Guard rescues 2 after yacht sinks off South Carolina
- What to watch: O Jolie night
- Golden Bachelor's Joan Vassos Shares Family Update After Shocking Exit
- A judge has declined to block parts of Georgia’s election law while legal challenges play out
- Malaysia will cut subsidies and tax luxury goods as it unveils a 2024 budget narrowing the deficit
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Georgia woman sentenced to 30 years in prison in child care death of 4-month-old
Chris Evans’ Wedding Ring Is on Full Display After Marrying Alba Baptista
Dropout rate at New College of Florida skyrockets since DeSantis takeover
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Prosecutor files case against Argentina’s frontrunner Javier Milei days before presidential election
Ford recalls over 238,000 Explorers to replace axle bolts that can fail after US opens investigation
Breaking Down Influencer Scandals from Lunden Stallings and Olivia Bennett to Colleen Ballinger