Current:Home > reviewsThe Home Depot says it is spending $1 billion to raise its starting wage to $15 -Secure Growth Solutions
The Home Depot says it is spending $1 billion to raise its starting wage to $15
View
Date:2025-04-27 00:00:16
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! (4)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Village in southern New Mexico ravaged by wildfires last month now facing another flash flood watch
- Psst! J.Crew Is Offering an Extra 70% off Their Sale Right Now, Including Chic Summer Staples & More
- Rescue teams find hiker who was missing for 2 weeks in Kentucky’s Red River Gorge
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Pelosi delivers speech to NC Democrats with notable absence — Biden’s future as nominee
- Travis and Jason Kelce team up with General Mills to create Kelce Mix Cereal: Here's what it is
- What are your favorite athletes listening to? Team USA shares their favorite tunes
- A South Texas lawmaker’s 15
- Small businesses grapple with global tech outages created by CrowdStrike
Ranking
- Rylee Arnold Shares a Long
- As 'Twisters' hits theaters, experts warn of increasing tornado danger
- Moon fests, moon movie and even a full moon mark 55th anniversary of Apollo 11 landing
- Pastor Robert Jeffress vows to rebuild historic Dallas church heavily damaged by fire
- Trump issues order to ban transgender troops from serving openly in the military
- Plane crash near Ohio airport kills 3; federal authorities investigating
- Utah State football player dies in an apparent drowning at reservoir
- Police: 3 killed, 6 wounded in ‘exchange of gunfire’ during gathering in Philadelphia; no arrests
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Horoscopes Today, July 19, 2024
Photos show reclusive tribe on Peru beach searching for food: A humanitarian disaster in the making
Hundreds of Swifties create 'Willow' orbs with balloons, flashlights in new Eras Tour trend
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
A 12-year-old girl is accused of smothering her 8-year-old cousin over an iPhone
Ernest Hemingway fans celebrate the author’s 125th birthday in his beloved Key West
Microsoft outages caused by CrowdStrike software glitch paralyze airlines, other businesses. Here's what to know.