Recently, the home improvement retailer Home Depot announced that it will be increasing pay and benefits for its hourly workers. These compensation changes come as a result of a tighter US labor market and wage growth across the country. The company is hoping such wage gains will improve the retention of workers. Additionally, Home Depot is looking to create new management positions in its stores to provide workers with new career opportunities.
See "Home Depot plans to increase pay and benefits for its hourly workers in order to boost retention ", Chris Isidore, CNN Business, February 21, 2023