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CVX Chevron Corporation

163.61
0.76 (0.47%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Chevron Corporation NYSE:CVX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.76 0.47% 163.61 163.84 161.446 162.05 7,608,919 00:58:27

CVS Health to Raise Its Minimum Wage to $15 an Hour

04/08/2021 12:23pm

Dow Jones News


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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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