A large grocery chain (Sam’s Club) has raised its wages to $19 per hour, marking a nearly 30% increase over the last five years.
In a recent press release, Sam’s Club expressed its dedication to supporting its employees. The company plans to raise pay for about 100,000 frontline workers and offer clear career growth paths.
Sam’s Club will increase its starting wage to $16 per hour, with faster pay raises for these frontline employees, according to Chris Nicholas, president and CEO, in a statement made on September 17.
On average, employees will now make around $19 per hour, which represents a nearly 30% growth over five years, the company reported. This move is part of a larger strategy that includes ongoing investments to create better job opportunities and build successful teams.
As competition in the retail industry heats up, retaining talented workers is becoming a major advantage, the company stated. They emphasized that offering “good jobs” and “fulfilling careers” helps create a more engaged and productive workforce.
Diana Scott, leader of The Conference Board’s U.S. Human Capital Center, highlighted the importance of higher wages for businesses trying to stay competitive. She mentioned that companies are using more than just base pay, including performance-based incentives and other strategies, to attract and keep workers.
Sam’s Club’s focus on employee pay and support shows their understanding of how essential a committed workforce is to achieving business success.
