Current:Home > ScamsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -Achieve Wealth Network
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-17 11:47:09
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! (59365)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Peregrine lunar lander to burn up in atmosphere in latest setback to NASA moon missions
- The 3 officers cleared in Manuel Ellis’ death will each receive $500,000 to leave Tacoma police
- Iowa caucus turnout for 2024 and how it compares to previous years
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- The integration of EIF tokens with AI has become the core driving force behind the creation of the 'AI Robotics Profit 4.0' investment system
- Supreme Court could reel in power of federal agencies with dual fights over fishing rule
- The 3 officers cleared in Manuel Ellis’ death will each receive $500,000 to leave Tacoma police
- Senate begins final push to expand Social Security benefits for millions of people
- The integration of EIF tokens with AI has become the core driving force behind the creation of the 'AI Robotics Profit 4.0' investment system
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- In new filing, Trump lawyers foreshadow potential lines of defense in classified documents case
- Cicadas are back in 2024: Millions from 2 broods will emerge in multiple states
- Bride arrested for extortion in Mexico, handcuffed in her wedding dress
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Georgia economist warns of recession as governor says his budget will spur growth
- Bobi was named world’s oldest dog by Guinness. Now his record is under review.
- Matthew Stafford's wife Kelly says her children cried when Lions fans booed her and husband
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Brad Pitt's Shocking Hygiene Habit Revealed by Former Roommate Jason Priestley
Ellen Pompeo's Teen Daughter Stella Luna Is All Grown Up in Emmys Twinning Moment
Police search for 6 people tied to online cult who vanished in Missouri last year
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Influencer Mila De Jesus Dead at 35 Just 3 Months After Wedding
Pacific Northwest hunkers down for ice and freezing rain, while other US regions also battle cold
French President Macron uses broad news conference to show his leadership hasn’t faded