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Macy's to raise minimum wage to $15 per hour
The department store chain said on Monday that Macy's Inc. will raise the minimum wage of its more than 100,... ... to $15 per hour by May, as retailers fight to hire and keep workers in an increasingly competitive labor ... ... during the holiday shopping season. In September, Amazon.com Inc. said it had increased its average ... ... the United States to more than $18 an hour, while Walmart Inc. has said it had raised raises in average ... ... company. The company said that Macy's average base pay will be over 17 an hour once the increases take ...
Updated: 11/09/2021
Macy's to raise minimum wage to $15 an hour
The department store chain said on Monday that Macy's Inc will raise the minimum wage of its more than 100,... ... employees to $15 an hour, as retailers fight to hire and keep workers in an increasingly competitive labor ... ... during the holiday shopping season. In September, Amazon.com Inc said that it had increased its average ... ... the United States to more than $18 an hour, while Walmart Inc has seen raises in average hourly wages ... ... four years. The company said Macy's average base pay will be above 17 an hour once the increases take ...
Updated: 11/08/2021
Paytm sells $1. 1 billion stock IPO to anchor investors
The Abu Dhabi Investment Authority and the University of Cambridge are among dozens of successful bidder for the $1.1 billion ... ... Policing to the environment Paytm said in an exchange filing Wednesday that BlackRock Inc. Canada Pension Plan Investment Board and Singapore s sovereign wealth fund got some of the largest allocations. The Teacher Retirement... ... payments market by fending off stiff competition from a swath of global players including Walmart Inc. - owned PhonePe , Alphabet Inc. - Google Pay, Amazon Pay, as well as Facebook Inc. - owned WhatsApp Pay. Neither Papa John Is still...
Updated: 11/03/2021
Amazon delays plan to make one-day shipping standard
Los ANGELES Reuters - Labor shortages have cut into Amazon.com Inc's plan to make one-day delivery standard for members of its Prime loyalty club, delaying its bid to cement its lead in e-commerce and sending costs surging ahead of the all-important holiday season.... ... with sufficient staffing. Its race to faster shipping forced Walmart Inc and other retailers to speed up delivery and invest ... ... at Wedbush Securities , said Amazon had little choice but to pay up for workers because it needs warehouses near high-cost urban ...
Updated: 10/29/2021
Nordstrom to hire 28, 000 employees ahead of the holidays
Nordstrom JWN is looking to hire 28,000 season and regular employees as it gears up for the holidays amid an ongoing ... ... tight labor market. The clothing retailer announced competitive pay and benefits to attract employees, including incentive payments ... ... has forced companies to raise wages in order to attract talent. Amazon AMZN Walmart WMT and Target TGT are rolling out incentives and incentives ... ... go back to work. For the most part, employees are in the driver's seat when it comes to their pick of jobs. Salaries, working hours ...
Updated: 10/12/2021
Amazon accused of failing to pay employees for screening COVID - 19 screens
Reuters - Amazon.com Inc has been accused of violating Colorado state law by failing to pay warehouse workers for time spent screening COVID - 19 screens before clocking in at work and billing had placed a review of the report issued by Colorado officials. Reuters ... ... primarily benefit workers, they do not amount to compensable time under federal wage law. Walmart raises the same defense in a proposed class action in Illinois federal court, which claims the retail giant's failure to pay employees for time spent in COVID screenings violated state law.
Updated: 10/06/2021
Bank of America raises minimum wage to $21
Reuters - Bank of America Corp said on Wednesday it had raised its U.S. minimum wage to $21, as it works to keep its promise to increase the pay to $25 an hour by 2025. Reuters - Bank of America Corp said on Wednesday it had ... ... a clutch of firms that pledged to pay employees more after a year of pandemic risks and government subsidies which fuel discussions on whether companies pay their workers... ... reality in which one big company develops a higher pay scale and others follow suit. Walmart Corp , Starbucks Corp ., Amazon.com Inc . and CVS Health are raising or plan to hike wages. The federal minimum wage is...
Updated: 10/06/2021
Walmart ditches holiday layaway option for buy-now, pay-later
Walmart says it will ditch its layaway option for the ... ... a buy-now, pay-later option from Affirm. Walmart 's regular layaway program, which has runs from mid-December ... ... customers to put items on hold with a small deposit and make a series of interest-free payments until the ... ... partnerships with more than 12,000 merchants, including Amazon, VRBO, Nordstrom , Poshmark , Dyson, Williams ... ... partnership with Goldman Sachs that would allow Apple Pay users to split their payments into four interest ...
Updated: 09/23/2021
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