Walgreens To Join CVS In $15/Hour Starting Wage

From Walgreens’ corporate blog:

Walgreens is further investing in its hourly team members who provide trusted care and services in communities across the U.S.

Walgreens will increase the starting hourly wage for all team members to $15.00 an hour, taking effect in phases beginning in October of this year and are expected to be fully implemented by November 1, 2022.

“I am extremely proud and grateful of the work our team members are doing across our 9,000 Walgreens locations serving our customers, patients and communities each and every day,” said Roz Brewer, CEO, Walgreens Boots Alliance.

“Investing in and rewarding our team members is not only the right thing to do, it’s highly important to retaining and attracting a talented workforce, and to continuing to serve our critical role in community health care.”

Since the beginning of the pandemic, Walgreens has made additional investments in support of its team members, including bonus payments and a significant hiring initiative, through which the company added 25,000 full-time and part-time pharmacy team members.

Total investment to support the starting wage increase is anticipated to be approximately $450 million over the next three years, with one-third of the amount invested in Fiscal Year 2022. The company anticipates that it will partially absorb the investment through the normal course of business.