Current:Home > reviewsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -Quantum Capital Pro
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-12 18:10:32
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! (49)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Severe storms devastate upstate New York, Midwest, leaving at least 3 dead
- 2024 RNC Day 2 fact check of the Republican National Convention
- Patrick Mahomes explains why he finally brought TV to Chiefs camp: CFB 25, Olympics
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Jon Jones fights charges stemming from alleged hostility during a drug test at his home
- Naomi Pomeroy, star of Top Chef Masters and award-winning chef, dies in river tubing accident in Oregon
- Man swept out to sea from NYC beach rescued by fisherman 2 miles off NJ coast
- Louvre will undergo expansion and restoration project, Macron says
- Brad Pitt seeks dismissal of Angelina Jolie's request for messages about plane incident
Ranking
- Sam Taylor
- Immigrants power job growth, help tame inflation. But is there a downside for the economy?
- Homeland Security inspector general to probe Secret Service handling of Trump rally
- Former CIA official charged with being secret agent for South Korean intelligence
- Military service academies see drop in reported sexual assaults after alarming surge
- I’m a Beauty Expert & These $15-And-Under Moira Cosmetics Makeup Picks Work as Well as the High-End Stuff
- Nearly two-thirds of Democrats want Biden to withdraw, new AP-NORC poll finds
- Ex-Trump adviser Peter Navarro is released from prison and is headed to Milwaukee to address the RNC
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Tinx Convinced Me That Prime Day Should Replace New Year’s Resolutions and She Shares Her Top Deals
2 men sentenced in 2021 armed standoff on Massachusetts highway
LAFC vs. RSL, possible league history highlight MLS slate on 'deadest day in sports'
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
A Texas school that was built to segregate Mexican American students becomes a national park
Pro Football Hall of Famer Terrell Davis on being handcuffed and removed from a United flight: I felt powerless
Doubts about both candidates leave many Wisconsin voters undecided: I want Jesus to come before the election