The Seattle-based coffee chain said it is increasing eligible employees' pay, with longer-tenured workers in line for bigger raises.
Starbucks said it will boost wages for its hourly employees by at least 3%, with the increases going into effect January 1.The Seattle-based coffee chain's wage hike comes amid its plan to double its employees' hourly incomes by the end of 2025, compared with 2020, through more hours and higher pay, according to a statement from Starbucks last week.
Workers with longer tenures at Starbucks will be eligible for bigger raises, Starbucks said on Monday. People with two to five years of service could receive at least a 4% pay raise. Workers with five or more years could see a pay boost of 5%, the company said Monday. 'Coupled with higher wages and the expansion of hours, these investments have not only resulted in lower turnover ...
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