Current:Home > ContactThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -Ascend Wealth Education
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-26 22:48:18
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! (926)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Get 50% Off Kylie Cosmetics, 60% Off J.Crew Jeans, 35% Off Cocoon by Sealy Mattresses & More Daily Deals
- California tribe that lost 90% of land during Gold Rush to get site to serve as gateway to redwoods
- The Who's Roger Daltrey will return to the US for intimate solo tour
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Drake Bell calls out 'Ned's Declassified' stars for appearing to mock Nickelodeon abuse allegations
- Save 35% on the Eyelash Serum Recommended by Luann de Lesseps, Lala Kent, Paige DeSorbo & More Celebs
- Which NBA teams could be headed for the postseason via play-in tournament games?
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Federal appeals court order puts controversial Texas immigration law back on hold
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Maker of Jeep, Dodge and Ram vehicles to follow California’s strict vehicle emissions standards
- Gambia may become first nation to reverse female genital mutilation ban
- Little Caesars new Crazy Puffs menu item has the internet going crazy: 'Worth the hype'
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Wagner wins First Four game vs. Howard: Meet UNC's opponent in March Madness first round
- North Carolina county boards dismiss election protests from legislator. Recounts are next
- Woman walking with male companion dies after being chased down by bear in Slovakia
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Body found in western New York reservoir leads to boil-water advisory
FBI director Christopher Wray speaks candidly on Laken Riley's death, threats to democracy, civil rights
Princess Kate tabloid photo, video fuel speculation: Why the gossip is harmful
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
2 former Mississippi sheriff's deputies sentenced to decades in prison in racially motivated torture of 2 Black men
Baby giraffe named 'Saba' at Zoo Miami dies after running into fence, breaking its neck
A teen weighing 70 pounds turned up at a hospital badly injured. Four family members are charged