Current:Home > NewsSurpassing:The Home Depot says it is spending $1 billion to raise its starting wage to $15 -Excel Wealth Summit
Surpassing:The Home Depot says it is spending $1 billion to raise its starting wage to $15
NovaQuant View
Date:2025-04-09 11:45:47
The SurpassingHome 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! (3168)
Related
- Nevada attorney general revives 2020 fake electors case
- Volkswagen recalls nearly 80,000 electric vehicles for crash hazard: Which models are affected?
- Migrant crossings at U.S.-Mexico border plunge 54% from record highs, internal figures show
- Growing publisher buying 10 newspapers in Alabama, Georgia and Mississippi
- Former Syrian official arrested in California who oversaw prison charged with torture
- A British neonatal nurse convicted of killing 7 babies loses her bid to appeal
- Morgan Spurlock, documentary filmmaker behind Super Size Me, dies of cancer at 53
- The 57 Best Memorial Day 2024 Beauty Deals: Fenty Beauty by Rihanna, T3, MAC, NuFACE, OUAI & More
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- The 57 Best Memorial Day 2024 Beauty Deals: Fenty Beauty by Rihanna, T3, MAC, NuFACE, OUAI & More
Ranking
- Bodycam footage shows high
- The Daily Money: Can I afford to insure my home?
- Nepali climber smashes women's record for fastest Mount Everest ascent
- NCAA men's lacrosse tournament semifinals preview: Can someone knock off Notre Dame?
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Most believe Trump probably guilty of crime as his NYC trial comes to an end, CBS News poll finds
- From 'Atlas' to 'Dune 2,' here are 10 movies you need to stream right now
- Missing womens' bodies found buried on farm property linked to grandma accused in complex murder plan, documents show
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Memorial Day 2024: Score food deals at Hooters, Krispy Kreme, Smoothie King and more
The Celtics are special. The Pacers, now down 2-0, have questions about Tyrese Haliburton's health.
Video shows Nissan SUV catch on fire in family's driveway; carmaker is investigating
Most popular books of the week: See what topped USA TODAY's bestselling books list
Louisiana legislature approves bill to classify abortion pills as controlled substances
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, The Wi-Fi Is Down
Officials change course amid outrage over bail terms for Indian teen accused in fatal drunk driving accident