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Home Depot to raise all starting wages

Words by Tess Becker

The cost of living crisis and looming recession is affecting everyone, so some businesses are getting ahead of the curve and are working to help provide more for their employees.

One such business is the home improvement giant, Home Depot.

Home Depot announced in February that they would be investing $1 billion into a plan to bring all starting wages at Home Depot up to at least $15 dollars an hour. As a part of it, they have also improved training and career advancement opportunities.

“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.”

The change will apply to the 65,000 associates at Home Depot stores and will go into effect immediately. 

“We’ve been continuously focused on cultivating the best associate experience in retail, with ongoing investment in associate wages, benefits, bonuses, job tools, and career development opportunities,” Ted Decker says.

This article aligns with the UN SDG Partners of the Goals.

This article aligns with the following UN SDGs

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