Macy’s raises minimum wage to $15 an hour as labor shortage continues
Macy’s department stores announced a new minimum wage and other employee perks on Nov. 8 in an effort to attract workers during the ongoing labor shortage.
The company’s new starting wage will be $15 an hour. New benefits include a “debt-free education program” and one additional flexible paid holiday, Macy’s announced in a press release.
Macy’s already started the $15 wage in a few markets, and plans ...
Posted — UpdatedMacy’s department stores announced a new minimum wage and other employee perks on Nov. 8 in an effort to attract workers during the ongoing labor shortage.
Macy’s already started the $15 wage in a few markets, and plans to roll it out to the rest of its locations by May 2022, they said. Workers in the company’s distribution centers also got a raise to the $15 minimum earlier this year.
“As a company, we’re driven by our mission to enable our colleagues’ success and be the preferred employer everywhere we do business, with competitive pay and benefits rooted in principles of equity,” said Danielle Kirgan, chief transformation and human resources officer at Macy’s, Inc., in the release.
According to their own math, Macy’s workers’ average base pay will top $17 an hour once the company has fully implemented the plan.
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