Here's how much the typical worker makes at 19 retail companies, from Amazon to Walmart
Major employers like Walmart, Target, Home Depot, Lowe's, and more have plowed billions of dollars into pay increases in a bid to get workers to join their workforces — and stay.in 2018, more retailers have followed suit by offering starting wages worth more than double the national minimum wage of $7.25. The Federal minimum was last set in 2009.
But hourly wages are just one part of the pay equation. An employee's earnings also depend a lot on how many hours they work, and hours in the retail business can vary considerably, especially in seasonal segments. To get a picture of what the typical worker makes in a year at various retail brands, Insider looked through the most recent proxy filings that publicly traded companies must file with the US Securities Exchange Commission. Rules following the financial crisis of 2008 require public companies to calculate their median worker's annual salary in order to compare it to the CEO's compensation.
Scroll through below to see where 19 of the largest companies rank, from lowest to highest annual pay.Justin Sullivan/Getty Images The 2021 calculation is up from $5,375 in 2018, and the company says its median employee was a part-time sales associate in Canada who did not work the full year.The burger giant's median is up from the 2018 level of $7,017, and it says the 2021 median worker is a part-time restaurant crew member in the UK.The shoe retailer's pay is up from 2018's median of $8,554, and the company says its median worker in 2021 averaged 17 hours per week in a Fresno, California store.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Remote work, working from home is actually making big cities strongerInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Free flights to Hong Kong: Cathay Pacific tickets snapped up fastHong Kong is giving out 500,000 free plane tickets. I tried to get one as a Singapore resident and ended up stuck in a waiting room behind 50,000 people.
Read more »
Walmart plans to open 8 health centers at Houston-area stores in early 2024Walmart Health clinics offer primary care, urgent care, dental and other services.
Read more »
Bill Gates: AI is provoked into looking stupid but it's not a threatInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Top five diligence questions VCs are asking generative AI startupsIn the midst of the AI boom, investors are doubling down on diligence. Here are the five questions VCs are asking every generative AI startup during pitches.
Read more »