Source | www.nrn.com | Joanna Fantozzi
Starbucks is giving all U.S. employees a raise of at least 10% that will go into effect on Dec. 14, an internal memo first reported on by Business Insider on Wednesday said. The pay increase includes a 10% raise for baristas, supervisors and café attendants hired on or before Sep. 14; an 11% raise for employees that have worked with the company for at least three years; and a 5% pay increase for all starting salary rates. The company will also increase the premium that Starbucks pays above minimum wage in every market.
The news broke two months ahead of inauguration day for President-elect Joe Biden, who has vowed to raise the minimum wage to $15 an hour.
Starbucks confirmed the pay raises in a statement.
“For nearly 50 years, Starbucks has been a leader in providing relevant, industry-leading benefits and a total compensation approach that is best-in-class for both part and full-time employees,” a Starbucks representative told Nation’s Restaurant News. “Continuing in that tradition, this announcement is the next phase of our commitment to ensuring the well-being of partners (employees) with one of the most significant investments to hourly pay in the U.S. in the history of the company.”