|
The
company had last week said it would increase the number of
stores globally to 55,000 by 2030 from 38,000, while aiming to
double the hourly income of baristas over the next two year from
2020 levels through more working hours and higher pay.
It has about 17,000 stores in North America and its U.S. workers
draw an average wage of $15 to $24 per hour and a total
compensation, with benefits, of nearly $27 per hour.
The company said employees with two to five years of service
would be eligible for at least a 4% hike, while those with five
or more years could get at least a 5% increase in pay.
"Coupled with higher wages and the expansion of hours, these
investments have not only resulted in lower turnover... but have
also increased hourly total cash compensation by nearly 50%
since fiscal year 2020," the company said in a statement.
(Reporting by Savyata Mishra in Bengaluru; Editing by Arun
Koyyur)
[© 2023 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
