CVS has become the latest large US chain to pledge a $15 starting rate as companies compete for workers in a tight labor market
The pharmacy giant, which has nearly 300,000 employees, said Wednesday that it will begin increasing wages for hourly workers this month and hit the $15 an hour mark across the company next July. CVS will also increase starting rates for positions such as pharmacy technicians and call center representatives above $15. Around 65% of CVS's hourly employees already make more than $15 an hour, the company said.
Why Tyson's employee vaccine requirement stands out"Attracting and retaining top talent across our businesses is critical as we continue to redefine what it means to meet people's health needs," CVS CEO Karen Lynch said Wednesday. The company also said it recently eliminated its high school diploma or GED requirement for most entry-level jobs and plans to eliminate the GPA requirement for university recruitment to expand its labor pool.
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