Current:Home > FinanceThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -Secure Growth Academy
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-12 22:48:35
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! (82)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Eighth 'Mission: Impossible' film postponed to 2025 as actors strike surpasses 3 months
- Stevia was once banned in the US: Is the sugar substitute bad for you?
- Washington state senator Jeff Wilson arrested in Hong Kong for gun possession and granted bail
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Adolis Garcia, Rangers crush Astros in ALCS Game 7 to reach World Series since 2011
- Chevron to buy Hess for $53 billion, marking the second giant oil deal this month
- Britney Spears Details the Heartbreaking Aftermath of Justin Timberlake’s Text Message Breakup
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Sen. Bob Menendez pleads not guilty to latest federal corruption charges
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Police: 8 children rescued in California after their mother abducted them from Arkansas foster homes
- Qatar becomes a key intermediary in Israel-Hamas war as fate of hostages hangs in the balance
- Video shows Coast Guard rescuing 4 from capsized catamaran off North Carolina
- Sam Taylor
- California orders Cruise driverless cars off the roads because of safety concerns
- Judge blocks California school district policy to notify parents if their child changes pronouns
- A German tourist who went missing in a remote Zimbabwe wildlife park is found alive 3 days later
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
MLB was right to delay Astros pitcher Bryan Abreu’s suspension – but the process stinks
When does 'The Crown' Season 6 come out on Netflix? Release date, cast, teaser trailer
Pan American Games start in disarray with cleaners still working around the National Stadium
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
1 dead, 1 injured after small airplane crashes near Pierre, South Dakota
Vikings vs. 49ers Monday Night Football highlights: Minnesota pulls off upset
Mauricio Umansky Dedicates DWTS Performance to His Rock Kyle Richards Amid Separation