11/9/2021, 1:36 AM (Source: TeleTrader)
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Chart for: Macy's Inc

Macy's ups min. wage to $15, offers college tuition

United States retail giant Macy's announced it will raise its minimum wage to $15 per hour and also include an education benefit, in an effort to attract staff in an increasingly competitive labor market.

"This program removes a major barrier to accessing education and will help our colleagues to further develop their skills and grow their careers and earning potential," Macy’s chief human resources officer Danielle Kirgan said.

The move mirrors similar steps taken by other major retailers, who have offered perks such as college tuition and textbooks to lure workers.

Baha Breaking News (BBN) / IB