By Russell Redman
Source: Supermarket News
CVS Health aims to gradually raise its minimum wage to reach $15 an hour in July 2022.
Plans call for Woonsocket, R.I.-based CVS to initiate incremental increases to its hourly pay rates starting this month. In announcing the wage hike yesterday, the pharmacy giant said about 65% of hourly employees already make more than $15 an hour.
“Attracting and retaining top talent across our businesses is critical as we continue to redefine what it means to meet people’s health needs,” CVS Health President and CEO Karen Lynch said in a statement on Wednesday. “These wage increases will have a meaningful impact on our colleagues and their families while helping the communities we serve prosper. Today’s announcement is the latest in a series of investments in our people, including bonuses and benefit enhancements throughout the pandemic.”