Fox News: Home Depot announced Tuesday that the company is giving its frontline workers a raise, saying it is dedicating $1 billion to boost compensation for hourly employees. The minimum starting pay at the home improvement giant is now $15 an hour. In a message to all U.S. employees, Home Depot CEO Ted Decker said the higher wages went into effect on Feb. 6 and that some workers have already seen their raises reflected in their Feb. 17 paychecks. All other hourly workers can expect a larger paycheck starting Feb. 24 (Fox News).
CNBC: Home Depot is one of the country’s largest private employers with about 475,000 workers. The vast majority of its employees are hourly workers at its approximately 2,300 stores in the U.S., Canada and Mexico (CNBC).
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