CVS Health to Raise Its Minimum Wage to $15 an Hour
August 04 2021 - 7:23AM
Dow Jones News
By Dave Sebastian
CVS Health Corp. said it is raising its minimum enterprise
hourly wage to $15 an hour, effective July 2022.
The Woonsocket, R.I.-based pharmacy company Wednesday said the
move next year will reflect a more than 60% increase in its minimum
enterprise hourly wage over a four-year period. CVS said it will
also offer higher starting hourly rates for roles such as pharmacy
technicians and call-center representatives.
The company said incremental increases to its hourly rates are
starting this month. It said 65% of its hourly employees are making
more than $15 an hour.
CVS said it will eliminate the grade point average requirement
for university recruitment this year. It has eliminated the
high-school diploma or General Education Development requirement
for most entry-level roles, the company said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
August 04, 2021 07:14 ET (11:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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