Stock Market News

Verizon raises minimum wage to $20 an hour for U.S employees

2022.04.18 17:06

Verizon raises minimum wage to $20 an hour for U.S employees
FILE PHOTO: A Verizon logo is seen on a van in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) – U.S. wireless carrier Verizon Communications Inc (NYSE:VZ) said on Monday it would raise the minimum wage of its new and existing customer service, retail and inside sales employees to $20 an hour amid a tight labor market and rising inflation.

In recent months, U.S. retailer Walmart (NYSE:WMT), drugstore chain Walgreen Boots Alliance Inc and restaurant operator Chipotle Mexican Grill (NYSE:CMG) raised hourly wages for employees to lure more people back to work.

Verizon also said it would offer a sign-on bonus for retail specialist and assistant manager positions in some regions around the United States.

“These changes are the direct result of employee feedback and will help us remain an attractive employer in this competitive environment,” said Krista Bourne, chief operating officer at Verizon Consumer Group.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 89,010.85 7.20%
ethereum
Ethereum (ETH) $ 2,423.07 9.94%
tether
Tether (USDT) $ 0.999915 0.04%
xrp
XRP (XRP) $ 2.21 10.78%
bnb
BNB (BNB) $ 612.01 4.37%
solana
Solana (SOL) $ 139.51 12.45%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.206539 10.55%
cardano
Cardano (ADA) $ 0.65726 10.56%
staked-ether
Lido Staked Ether (STETH) $ 2,415.19 10.03%
tron
TRON (TRX) $ 0.229906 7.40%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 89,003.85 7.00%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,912.85 9.11%
chainlink
Chainlink (LINK) $ 14.73 11.57%
avalanche-2
Avalanche (AVAX) $ 21.37 10.06%
stellar
Stellar (XLM) $ 0.283763 11.68%
sui
Sui (SUI) $ 2.78 13.15%
the-open-network
Toncoin (TON) $ 3.44 6.20%
leo-token
LEO Token (LEO) $ 8.96 5.27%
litecoin
Litecoin (LTC) $ 111.94 9.18%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 7.06%
usds
USDS (USDS) $ 1.00 0.09%
hedera-hashgraph
Hedera (HBAR) $ 0.184622 16.41%
mantra-dao
MANTRA (OM) $ 7.77 7.59%
weth
WETH (WETH) $ 2,422.74 9.81%
polkadot
Polkadot (DOT) $ 4.40 6.72%
hyperliquid
Hyperliquid (HYPE) $ 18.94 13.47%
ethena-usde
Ethena USDe (USDE) $ 0.999343 0.11%
bitcoin-cash
Bitcoin Cash (BCH) $ 285.79 8.70%
bitget-token
Bitget Token (BGB) $ 4.30 11.56%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,585.29 9.24%
uniswap
Uniswap (UNI) $ 7.84 8.06%
monero
Monero (XMR) $ 222.17 5.07%
whitebit
WhiteBIT Coin (WBT) $ 27.05 1.74%
near
NEAR Protocol (NEAR) $ 2.92 12.30%
dai
Dai (DAI) $ 0.999884 0.01%
pepe
Pepe (PEPE) $ 0.000008 12.50%
aptos
Aptos (APT) $ 5.42 6.42%
bittensor
Bittensor (TAO) $ 367.30 14.56%
susds
sUSDS (SUSDS) $ 1.04 0.08%
ondo-finance
Ondo (ONDO) $ 0.961568 11.30%
aave
Aave (AAVE) $ 198.58 15.90%
internet-computer
Internet Computer (ICP) $ 6.14 9.73%
ethereum-classic
Ethereum Classic (ETC) $ 18.39 7.29%
okb
OKB (OKB) $ 45.23 5.90%
gatechain-token
Gate (GT) $ 21.06 7.76%
mantle
Mantle (MNT) $ 0.782347 9.61%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.90 12.22%
official-trump
Official Trump (TRUMP) $ 13.05 13.88%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 89,110.88 7.04%