/Best Buy $15 minimum wage kicks in for tens of thousands of hourly workers
Best Buy $15 minimum wage kicks in for tens of thousands of hourly workers

Best Buy $15 minimum wage kicks in for tens of thousands of hourly workers


A Best Buy employee tends to a customer outside a store in Montebello, California on April 15, 2020, as the electronics nationwide chain store remains closed to customers but open for pickups. (Photo by Frederic J. BROWN / AFP)
It’s a 4 percent pay bump for hourly workers
Best Buy’s new $15 minimum wage took effect Sunday for tens of thousands of hourly employees in the United States.
“In the early days of the COVID-19 crisis, we made a number of temporary decisions, including providing appreciation pay to hourly field employees, and we’re now pleased to evolve to a more structural approach that significantly invests in paying and supporting them in ways that they have asked for and so clearly earned,” Best Buy CEO Corie Berry said in an announcement on July 21.
It’s a 4 percent pay bump for hourly workers, replacing the incremental hourly appreciation pay that began on March 22 as short-term incentive compensation for their working during the coronavirus pandemic. Employees who are still not at the $15 per hour wage after the 4 percent increase will have their pay automatically increased to the new starting wage.
The pay raise comes as customer demand has grown exponentially during the pandemic during the second quarter, with a 255 percent surge in online sales quarter to date through July 18.
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