How much does cvs pay cashiers per hour

WOONSOCKET, R.I. — CVS Health (NYSE: CVS) is making a significant investment in its employees by raising the minimum enterprise hourly wage to $15 an hour effective July 2022, with incremental increases to the company’s competitive hourly rates starting this month. Approximately 65 percent of employees earning hourly wages already make more than $15 an hour.

“Attracting and retaining top talent across our businesses is critical as we continue to redefine what it means to meet people’s health needs,” said CVS Health President and CEO Karen S. Lynch. “These wage increases will have a meaningful impact on our colleagues and their families while helping the communities we serve prosper. Today’s announcement is the latest in a series of investments in our people, including bonuses and benefit enhancements throughout the pandemic.”

Moving to $15 an hour next year will mark a more than 60 percent increase in the CVS Health minimum enterprise hourly wage over a four-year period. The new wage structure incorporates additional increases beyond the enterprise minimum, with higher starting hourly rates for roles such as pharmacy technicians and call center representatives.

“With millions of visits per day to our nearly 10,000 locations across the country, our retail business plays an important role in how we deliver care,” said CVS Health Chief People Officer Laurie Havanec. “Our track record on wages aligns with the evolving needs and expectations of CVS Health colleagues in customer-facing roles.”

CVS Health has a longstanding commitment to workforce development and creating opportunities in the communities it serves. The company’s Registered Apprenticeship program has placed thousands in retail pharmacy and management career tracks, with a focus on advancement. Last week CVS Health opened its newest Workforce Innovation and Talent Center in Pittsburgh, which provides employment services and training to underserved populations through partnerships with faith-based and community organizations. An additional location opened in Philadelphia this week, which will help bring financial stability to more individuals and families.

In addition to boosting wages, CVS Health is removing barriers to obtaining employment. Recently the company eliminated the high school diploma or GED requirement for most entry-level roles, and this year will eliminate the GPA requirement for university recruitment.

About CVS Health

CVS Health is the leading health solutions company, delivering care in ways no one else can. We reach more people and improve the health of communities across America through our local presence, digital channels and our nearly 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses, and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day. Learn more at www.cvshealth.com.

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• CVS is raising its minimum wage to $15 an hour, effective July 2022. 
• Amazon, Costco, and Target all pay workers at least $15 per hour. Walmart and Walgreens do not.
• The current federal minimum wage is $7.25.

CVS Health announced on Wednesday that it is raising the minimum wage of CVS employees to $15 an hour. The salary hike will impact approximately 35% of the company's workers — the rest already make above $15 an hour.

The pharmacy and healthcare retailer joins Amazon, Costco, and Target in meeting the "Fight For $15" standard.  Competitors Walmart and Walgreens have yet to announce plans to raise wages to $15 an hour. 

"The current minimum enterprise hourly wage is $11," CVS spokesperson T.J. Crawford told Insider. "All CVS Health employees earning hourly wages will make at least $13 an hour effective September 5, and at least $15 an hour by July 2022."

As the labor shortage continues to impact small businesses and large corporations across the US, experts say higher pay is the only real solution. For the past five decades, the average worker's wage has not kept up with the country's increased cost of living, Insider's Ben Winck and Andy Kiersz reported in May.

"These wage increases will have a meaningful impact on our colleagues and their families while helping the communities we serve prosper," CVS Health CEO Karen S. Lynch said in a statement. "Today's announcement is the latest in a series of investments in our people, including bonuses and benefit enhancements throughout the pandemic."

According to Indeed, a Walgreens cashier makes around $10.72 per hour, while a sales associate is paid around $9.33 an hour. The highest-paid position listed on the site is a senior merchandise manager, making over $130 thousand a year. 

"We're continually looking at various pathways to continue increasing the starting pay rate of our team members," a Walgreens spokesperson told Insider. "While today, across the U.S., our (Walgreens & Duane Reade) national minimum wage is $10.00, our average hourly retail associate pay is closer to $15.00 wage, as many retail store associates earning greater compensation based on their qualifications and or respective role responsibilities." 

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