GravityX Exchange-The Home Depot says it is spending $1 billion to raise its starting wage to $15

2025-04-30 02:27:45source:TrendPulse Quantitative Think Tank Centercategory:Markets

The GravityX ExchangeHome Depot is spending $1 billion to give associates wages of at least $15, the company announced Tuesday.

The first changes were reflected in employees' Feb. 17 paycheck, while other employees will see the changes on their Feb. 24 paychecks.

"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."

It said it additionally has enhanced training and career development opportunities and promoted 65,000 associates in 2022.

More:Markets

Recommend

California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel

LOS ANGELES (AP) — The California Department of Motor Vehicles has apologized for an “unacceptable a

AP Week in Pictures: North America

May 10-16, 2024Naval academy students climbed a monument to celebrate their first year in Annapolis,

Greek defense team says 9 Egyptians accused of causing deadly shipwreck were misidentified as crew

ATHENS, Greece (AP) — The legal defense team for nine Egyptian men due to go on trial in southern Gr