Current:Home > reviewsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -WealthRoots Academy
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-15 00:08:22
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! (5893)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Shakira Shares Insight Into Parenting After Breakup With Gerard Piqué
- Senate confirms new army chief as one senator’s objection holds up other military nominations
- Baby, one more time! Britney Spears' 'Crossroads' movie returns to theaters in October
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Lizzo and others sued by another employee alleging harassment, illegal termination
- Diplo Weighs In on Sophie Turner and Joe Jonas’ Divorce After Live-Streaming Their Vegas Wedding
- Meet the Incredibly Star-Studded Cast of The Traitors Season 2
- Global Warming Set the Stage for Los Angeles Fires
- Sophie Turner sues to force estranged husband Joe Jonas to turn over children’s passports
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Sophie Turner sues to force estranged husband Joe Jonas to turn over children’s passports
- Some Rare, Real Talk From a Utility About Competition With Rooftop Solar
- How comic Leslie Jones went from funniest person on campus to 'SNL' star
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Anne Hathaway Gets Real About the Pressure to Snap Back After Having a Baby
- Bob Ross' 1st painting from famed TV show up for auction. How much is it?
- Lionel Messi leaves with fatigue, Inter Miami routs Toronto FC to keep playoff hopes alive
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Sophie Turner Says She Found Out Joe Jonas Filed for Divorce From Media
Amal Clooney Wears Her Most Showstopping Look Yet With Discoball Dress
Tragedy in Vegas: Hit-and-run of an ex-police chief, shocking video, a frenzy of online hate
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Which 2-0 NFL teams are for real? Ranking all nine by Super Bowl contender legitimacy
Kim Kardashian is the only reason to watch awful 'American Horror Story: Delicate'
How your college major can influence pay. Here are the top- and bottom-paying fields.