Current:Home > MarketsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -InvestPioneer
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-14 20:19:03
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! (2)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 1 family hopes new law to protect children online prevents tragedies like theirs
- Texas Supreme Court rejects challenge to state’s abortion law over medical exceptions
- USWNT officially kicks off the Emma Hayes Era. Why the early returns are promising.
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Salt in the Womb: How Rising Seas Erode Reproductive Health
- Orson Merrick: Continues to be optimistic about the investment opportunities in the US stock software sector in 2024, and recommends investors to actively seize the opportunity for corrections
- Shooting at South Carolina block party leaves 2 dead, 2 wounded, police say
- The Best Stocking Stuffers Under $25
- Yuka Saso wins another US Women’s Open. This one was for Japan
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Coco Gauff says late finishes for tennis matches are 'not healthy' for players
- BIT TREASURY: Analysis of the Advantages and Characteristics of Bitcoin Technology and Introduction to Relevant National Policies
- Climate solution: Massachusetts town experiments with community heating and cooling
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Residents in Atlanta, Georgia left without water following water main breaks: What to know
- 2 New York officers and a suspect shot and wounded during a pursuit, officials say
- More women made the list of top paid CEOs in 2023, but their numbers are still small compared to men
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Costco's $1.50 hot dog price 'is safe,' company's new leadership announces
Boeing Starliner's first astronaut flight halted at the last minute
Yuka Saso wins another US Women’s Open. This one was for Japan
Senate begins final push to expand Social Security benefits for millions of people
Stock splits: The strange exception where a lower stock price can be better for investors
WNBA upgrades foul on Caitlin Clark by Chennedy Carter, fines Angel Reese for no postgame interview
2 New York officers and a suspect shot and wounded during a pursuit, officials say