Costco Just Gave All Its Employees a Huge Pay Increase – Starting Salary Jumps 15% to $15 an Hour
Costco has just revised its salaries and given all its employees huge raises.
Already recognized as a generous employer, every three years, the company reviews its salary scale, the last time was in 2016.
As per La Presse, a cashier at the top of the pay scale (after five or six years of work based on the number of hours worked) earned $26.60 an hour. On March 4, the hourly rate increased to $28.25. Which totals to $51,000 a year based on a 35-hour work week. Packers, for example, see their minimum hourly rate go from $13 to $15 an hour, a 15% jump.
In comparison, wages in Quebec for the last three years have increased by about 2
For example, MUHC cashiers will make on April 02, $19.69* an hour. Which is $8.29 less per hour. On a 77.5-hour pay, the difference will be $642.46. In 26 pays, one year salary the difference will be $16,704.35.
*Each MUHC CSN employee is also entitled to a lump sum, remunerated at 16 cents for each hour worked from April 1, 2019 to March 31, 2020.
A 2014 survey from the jobs site Glassdoor ranked Costco second to Google when it comes to companies with the best compensation and benefits for workers. That puts it ahead of Facebook, Monsanto, Verizon and Microsoft, other major companies that made it onto Glassdoor’s list of the top 25 companies.
“There is a strong belief that we need to provide wages that allow employees to live a good life and give back to society, ” said company spokesperson Ron Damiani.