Starbucks to hike U.S. employee pay to attract workers during labor crunch [Reuters]
Starbucks Corporation (SBUX)
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Source: Reuters
Starbucks to hike U.S. employee pay to attract workers during labor crunch By Hilary Russ 2 Min Read NEW YORK (Reuters) - With U.S. restaurants nationwide struggling to find enough waiters and cashiers to serve customers, Starbucks Corp on Wednesday said it will give pay raises to workers in the United States with at least two years of employment and offer $200 referral bonuses. Workers with at least two years of employment could get up to a 5% raise and those with at least five years could receive a 10% pay boost in late January, Starbucks said. Average pay for all U.S. workers will range between $15 and $23 an hour, averaging nearly $17 an hour, by summer of 2022, the Seattle-based company said. Many chains are lifting wages to try to attract more workers. Restaurants are struggling to recruit and retain enough labor to keep stores open at full capacity amid a widespread staffing shortage. McDonald’s Corp reported on Wednesday that some of its locations have had to close early or s
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SBUX
Earnings
- 1/30/24 - Miss
SBUX
Sec Filings
- 3/25/24 - Form 4
- 3/21/24 - Form 144
- 3/15/24 - Form 4
- SBUX's page on the SEC website