Wayfair to Pay All U.S. Employees a Minimum of $15 Per Hour
January 07 2021 - 7:30AM
Business Wire
More than 40% of hourly employees to receive
pay increase effective immediately
Wayfair Inc. (NYSE:W), one of the world’s largest online
destinations for the home, today announced that all U.S. employees
will now make at least $15 per hour. The increase took effect on
January 3, 2021 and applies to full-time, part-time and seasonal
employees across the company’s U.S. operations. More than 40
percent of Wayfair’s hourly employees working across its U.S.
supply chain and customer service operations will receive a pay
increase.
“Throughout the challenges of the past year, we rolled out
numerous initiatives to support our team including pay premiums,
bonuses and a family dinner program. Now, as we enter 2021, we are
continuing to build upon our steadfast commitment to our team and
their families by increasing minimum pay for all hourly employees,”
said Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “We are
fortunate to have an incredible team that puts our customers first
each and every day and it is important to us that they feel
supported and fairly compensated for the important work that they
do. We are proud to offer market-leading compensation and the
opportunity for all employees to build careers in a collaborative
and supportive workplace that rewards great work.”
In addition to market-leading compensation, Wayfair has also
extended benefits to further support its employees throughout the
Covid-19 pandemic, including an ongoing pay premium for its
frontline team, a variety of bonuses, emergency paid time off, and
childcare support for all employees. These initiatives are in
addition to an already comprehensive benefits package which
includes equity, 401K matching, tuition reimbursement, mental
health support, paid time off, an employee discount across all
Wayfair sites, and more.
In addition to providing all employees with highly competitive
compensation and benefits, Wayfair believes in supporting the local
communities in which its employees live and work. Over the past
year, Wayfair invested more than $12 million in the greater
community, including $3 million in small businesses, providing
hundreds of thousands of meals for its employees and their families
from local restaurants that were struggling due to the
pandemic.
Wayfair’s Dinner To Go program provided every frontline employee
with two free, family-sized meals per week from local, family-owned
restaurants throughout the most difficult months of the pandemic.
The initiative supported both frontline teams as well as struggling
small businesses in areas across Wayfair’s logistics network.
For information about career opportunities at Wayfair, please
visit www.wayfaircareers.com.
About Wayfair
Wayfair believes everyone should live in a home they love.
Through technology and innovation, Wayfair makes it possible for
shoppers to quickly and easily find exactly what they want from a
selection of more than 18 million items across home furnishings,
décor, home improvement, housewares and more. Committed to
delighting its customers every step of the way, Wayfair is
reinventing the way people shop for their homes - from product
discovery to final delivery.
The Wayfair family of sites includes:
- Wayfair - All things home, all in one place.
- Joss & Main - Stylish designs to discover daily.
- AllModern - The best of modern, priced for real life.
- Birch Lane - Classic home. Comfortable cost.
- Perigold - The widest-ever selection of luxury home
furnishings.
Wayfair generated $13.0 billion in net revenue for the twelve
months ended September 30, 2020. Headquartered in Boston,
Massachusetts with operations throughout North America and Europe,
the company employs more than 16,700 people.
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version on businesswire.com: https://www.businesswire.com/news/home/20210107005151/en/
Media Relations: Susan Frechette PR@Wayfair.com
Investor Relations: Jane Gelfand IR@Wayfair.com
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