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Costco has told its hourly store workers their pay will increase to more than $30 per hour.
Wholesale retailer Costco has told its employees that pay for most of hourly store workers will increase to more than $30.
Costco is raising the minimum wage for its hourly staff to $16 from next week.
(Reuters) - Costco Wholesale Corp is raising the minimum wage for its hourly staff to $16 from next week, a dollar more than what its competitors Amazon.com Inc and Target Corp pay per hour.
Costco in July 2024 increased its starting wage to at least $19.50 for entry-level positions in the U.S. and Canada. It also increased its highest wage scale by $1 an hour and took other steps to bring the company's average rate for hourly workers to $31 by the end of 2024.
Costco Wholesale announced that they would be increasing pay for the majority of the retailer's hourly workers to over $30 per hour, according to a memo sent out to employees.
(Reuters) — Costco Wholesale Corp is raising the minimum wage for its hourly staff to $16 from next week, a dollar more than what its competitors Amazon.com Inc and Target Corp pay per hour.
Costco is increasing hourly wages to more than $30, with clerks set to make almost $32 an hour starting March.
Costco is increasing its pay to more than $30 an hour for hundreds of thousands of workers, with clerks at the top of the retailer's pay scale set to make almost $32 an hour in March.
Costco increased the starting wage to at least $18.50 for all entry-level positions in the U.S. in September 2023.
Costco strives to provide our employees with competitive wages and excellent benefits. In March 2023, we increased the top of the wage scales by 85 cents per hour in the U.S, Canada and Puerto Rico. In September of 2023, we increased the starting wage to at least $18.50 for all entry-level positions in the U.S. We have also expanded our benefits in the U.S. to include additional mental health support for children and adults at little to no cost to our employees.
Costco strives to provide our employees with competitive wages and excellent benefits. In July 2024, we increased the starting wage to at least $19.50 for all entry-level positions in the U.S. and Canada. We also increased the top of wage scales by $1 per hour, and increased all other steps of the wage scales by $0.50 per hour, bringing our average hourly rate at the end of 2024 for hourly employees in the U.S. to approximately $31 per hour.
Costco strives to provide our employees with competitive wages and excellent benefits. In July 2024, we increased the starting wage to at least $19.50 for all entry-level positions in the U.S. and Canada.
Costco plans to raise hourly pay to more than $30 for most workers.
Costco to raise hourly pay to more than $30 for most workers: Report