Current:Home > NewsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -Elevate Profit Vision
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-11 22:38:18
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! (7)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Trade resumes as Pakistan and Afghanistan reopen Torkham border crossing after 10 days
- Proof Kylie Jenner Is Bonding With Kourtney Kardashian's Stepdaughter Atiana De La Hoya
- Trinidad government inquiry into divers’ deaths suggests manslaughter charges against company
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- That's my bonus?! Year-end checks were smaller in 2023. Here's what to do if you got one.
- Heavy rainfall flooded encampment in Texas and prompted evacuation warnings in Southern California
- Lamar Jackson vs. Patrick Mahomes is only one of the storylines for AFC championship
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Property Brothers’ Drew Scott and Wife Linda Phan Expecting Baby No. 2
Ranking
- Travis Hunter, the 2
- Los Angeles Chargers interview NFL executive Dawn Aponte for vacant general manager post
- Wall Street pushes deeper into record terrain, fueled by hopes for interest rate cuts
- Judge blocks tighter rule on same-day registration in North Carolina elections
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Why the war in Ukraine is bad for climate science
- Norman Jewison, acclaimed director of ‘In the Heat of the Night’ and ‘Moonstruck,’ dead at 97
- Strong magnitude 7.1 earthquake strikes remote western China, state media says
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Live updates | 21 Israeli soldiers are killed in Gaza as criticism of war’s handling rises at home
Below Deck Med's Natalya Scudder Makes a Shocking Return to Cause Major Chaos
Dealing with dry lips? There are many possible reasons.
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
A woman dies and 2 people are injured at a French farmers’ protest barricade
Cody Rhodes, Rhea Ripley and Bianca Belair featured on covers of WWE 2K24 video game
Dexter Scott King, son of the Rev. Martin Luther King Jr., dies of cancer at 62