Costco is raising its minimum wage to $15 as the war for talent rages on

- Costco is raising its minimum wage from $14 and $14.50 up to $15 and $15.50.
- A spokesperson for Costco did not respond to Business Insider's request to confirm when the change would go into effect or how many jobs would be impacted.
- Employees are celebrating the news on social media, however.
Costco is raising its minimum wage.
During its quarterly earnings call on Thursday, the retailer announced to investors that it would be raising its minimum wages from $14 and $14.50 up to $15 and $15.50.
A spokesperson for Costco did not respond to Business Insider's request to confirm when the change would go into effect or how many jobs would be impacted.The announcement comes as the retail sector faces an increasingly tight labor market, where many retailers have resorted to offering better wages and perks in an effort to attract talent. Earlier this month, Target CEO Brian Cornell announced that the company plans to raise its starting wage to $15 an hour by 2020.
Amazon also announced it would be raising its minimum wage to $15 in October. This went into effect in November.
It has been less than a year since Costco last raised its minimum wage from $13 to $14. This change impacted around 130,000 employees.
Employees are celebrating the news of a pay boost online:
Costco's work environment
Costco was included in Glassdoor's best places to work list in 2017, and the company currently has a four out of five-star rating on the company review site.In April, Business Insider spoke with several Costco employees to ask their opinions about working in the store.
The majority said that compensation was one of the most attractive parts of working there. Wages, benefits, and job security came up in responses from 21 employees, according to Business Insider's Áine Cain.
"The best part is all the perks - guaranteed hours, benefits, time and a half on Sundays, free turkeys at Thanksgiving, four free memberships, a livable wage," an employee with six years of experience told Business Insider.
Yay Costco just raised the minimum wage pay! Starting tomorrow I'll get paid $15 an hour and $23 on sundays
- ☁️ (@omingggg) March 3, 2019
Y'all Costco's minimum wage is now 15$ if you guys are looking for a job apply now!!
- Alyssa Lopez (@lysssa_33) February 24, 2019

The best tree skirts

A couple moved into a 730-square-foot, modern yurt to avoid high rent costs in Portland, Oregon. Take a look inside.

Bank Holidays in December 2019 – Know to plan your financial activities

How to transfer your Chase points to United Airlines, and 3 of the best award flights you can book

Why astrophysicists think there's a black hole in our solar system
Raghuram Rajan's warning about Mudra loans last year may be coming true
Microsoft’s four-day work week idea will be good for Indians— but there is a lot to be fixed before that
Dues, death and an investigation — all that went wrong with OYO hotels in the last 6 months
Three wise men who exited Vodafone India just in time to make millions
SAIF Partners invested in Swiggy when they just had a landing page – today they are going after more seed stage startups, here’s why
Here's why North Korean hackers attacked India's nuclear power plant
Not just Tata Motors, a lot of other companies are excited by Jaguar Land Rover numbers
Surprise, surprise – Indians want censorship for Netflix, Amazon Prime, Hotstar
SIGN IN WITH
FacebookGoogleEmail