Current:Home > reviewsFastexy:The Home Depot says it is spending $1 billion to raise its starting wage to $15 -Prime Capital Blueprint
Fastexy:The Home Depot says it is spending $1 billion to raise its starting wage to $15
Algosensey View
Date:2025-04-06 19:23:25
The FastexyHome 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! (62913)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Alec Baldwin Shares He’s Nearly 40 Years Sober After Taking Drugs “From Here to Saturn”
- Trapped baby orca nicknamed Brave Little Hunter dodges rescue attempts, swims to freedom on her own in Canada
- Watch as throng celebrates man eating massive bucket of cheeseballs at NYC park
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Ryan Gosling Is Unrecognizable in Latest Red Carpet Look at The Fall Guy Premiere
- Man snags $14,000 Cartier earrings for under $14 due to price error, jeweler honors price
- The Daily Money: Will the Fed make a move?
- The Grammy nominee you need to hear: Esperanza Spalding
- Emily Blunt Reveals Where Her Devil Wears Prada Character Is Today
Ranking
- Trump wants to turn the clock on daylight saving time
- Remains of child found in duffel bag in Philadelphia neighborhood identified as missing boy
- NHL playoffs results: Hurricanes advance, Bruins fumble chance to knock out Maple Leafs
- Selling the OC Stars Reveal the Secrets Behind Their Head-Turning Fashion
- Former longtime South Carolina congressman John Spratt dies at 82
- 1 dead,14 injured after driver crashes into New Mexico store
- Why Melanie Lynskey Didn't Know She Was Engaged to Jason Ritter for 3 Days
- Maryland approves more than $3M for a man wrongly imprisoned for murder for three decades
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Remains of child found in duffel bag in Philadelphia neighborhood identified as missing boy
Badass Moms. 'Short-Ass Movies.' How Netflix hooks you with catchy categories.
Why Jon Bon Jovi Admits He “Got Away With Murder” While Married to Wife Dorothea Bongiovi
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Wisconsin school district says person it called active shooter ‘neutralized’ outside middle school
Ryan Gosling and Mikey Day reprise viral Beavis and Butt-Head characters at ‘Fall Guy’ premiere
Mega Millions winning numbers for April 30 drawing: Jackpot rises to $284 million