Current:Home > MarketsThe Home Depot says it is spending $1 billion to raise its starting wage to $15-Angel Dreamer Wealth Society D1 Reviews & Insights
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View Date:2024-12-23 22:09:52
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! (25)
Related
- Richard Allen found guilty in the murders of two teens in Delphi, Indiana. What now?
- Nursing aide turned sniper: Thomas Crooks' mysterious plot to kill Trump
- I’m a Shopping Editor, Here’s What I’m Buying From the Nordstrom Anniversary Sale 2024
- Ex-classmate of Trump rally shooter describes him as normal boy, rejected from high school rifle team
- Asian sesame salad sold in Wegmans supermarkets recalled over egg allergy warning
- 1 killed, 6 injured when pickup truck collides with horse-drawn buggy in Virginia
- Minutes after Trump shooting, misinformation started flying. Here are the facts
- Watch live: President Biden speech from Oval Office Sunday after Trump rally shooting
- COINIXIAI Introduce
- Blue-collar steel town tries to dig out from day of infamy after Trump shooting
Ranking
- Today Reveals Hoda Kotb's Replacement
- 2024 Home Run Derby: Time, how to watch, participants and more
- Real Housewives Star Porsha Williams’ Revenge Body Fashion Includes a $35 Bikini She Recommends for Moms
- Rare switch-pitcher Jurrangelo Cijntje 'down to do everything' for Mariners after MLB draft
- Police cruiser strikes and kills a bicyclist pulling a trailer in Vermont
- Powerball winning numbers for July 13 drawing: Jackpot rises to $64 million
- Nordstrom Anniversary Sale 2024 Deals That Are Sure To Sell Out: Shop Le Creuset, UGG, Longchamp & More
- Who's speaking at the 2024 RNC? Here's a full rundown of people on the list
Recommendation
-
RHOP's Candiace Dillard Bassett Gives Birth, Shares First Photos of Baby Boy
-
RHONJ's Jennifer Aydin Addresses Ozempic Accusations With Hilarious Weight Loss Confession
-
Stranger Things Season 5's First Look Will Turn You Upside Down
-
As fall tuition bills drop, Gen Z's not ready to pay for college this year, survey says
-
After Baltimore mass shooting, neighborhood goes full year with no homicides
-
Boston lawyer once named ‘most eligible bachelor’ is sentenced to 5-10 years for raping 21-year-old
-
Federal judge dismisses Trump classified documents case over concerns with prosecutor’s appointment
-
Trump Media stock price surges after assassination attempt seen as boosting Donald Trump's reelection odds