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Costco raises the minimum wage for all its employees

MIAMI – Costco raised its minimum starting wage to $17 an hour this week. The move comes less than a year after the company raised wages to $16 an hour, its first wage increase since 2019 when the starting rate was $15 an hour.

According to an Oct. 19 memo from Craig Jelinek , Costco‘s chairman and CEO, emailed to TODAY Food, starting wages have increased for all retail jobs.

“Effective October 25, 2021, we will adjust starting hourly wages for new hires in the US to $17.00/hr for service attendants, $18.00/hr for service clerks, and $18.50/hr for meat cutters.” , reads the memo. “Current US employees earning less than this will move up to these rates on their scales and have their designated hours restored. Please contact your general manager or payroll clerk if you have any questions.”

Costco said the move was prompted by a need to keep its pay competitive in today’s job market.

“These increases are part of Costco’s ongoing efforts to ensure that our hourly wages remain extremely competitive in the retail industry. We continue to pride ourselves on being able to pay employees well and provide excellent benefits. hourly wages in connection with the upcoming Employees Agreement.”

The memo ended with Jelinek thanking Costco employees for all they do to make Costco a great company.

Starbucks raises its minimum wage for certain employees, see how much it will pay

Starbucks is raising pay for its US employees and making other changes to improve working conditions in its stores.

As retail and service industry workers endure the hardships of jobs made even more difficult by the pandemic , businesses across the US have been forced to reconsider the wages they pay — and the federal minimum wage , which has been a hot topic, ever since President Joe Biden brought the issue to the forefront. Starbucks announced that they would raise their minimum wage to $15 across the United States.

Companies like Costco are also looking to gain an advantage in what has become an incredibly tight job market with many workers fed up with low wages and poor treatment by the public.

According to Business Insider , Costco has a good reputation with workers who receive paid vacations and, in many cases, health care. The average tenure for a Costco employee is about nine years, and more than half of employees earn more than $25 an hour.

More recently, the department store chain reinstated purchase limits on items like toilet paper, paper towels, bottled water and some high-demand cleaning products. The move was in response to supply chain issues, including shipping delays and truck driver shortages, as Costco tries to keep shelves stocked for its members.

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