T-Mobile Raises Minimum Wage to $20 an Hour
T-Mobile joins a growing list of retailers, restaurants and other service sector businesses that are raising pay, offering signing bonuses and sweetening their benefits packages in response to struggles with hiring and retaining workers.
The mobile communication company is raising its minimum wage to $20 per hour for all of its hourly workers.
In a statement titled “Making a Great Place to Work Even Better,” CEO Mike Sievert said, “Every single employee at T-Mobile, even our newest team members just starting to build their skill base, should have a competitive wage. So, we have decided to implement a nationwide minimum pay at T-Mobile of at least $20 per hour. This will now apply to every single employee regardless of role, or full-time or part-time status.
“This move is about inclusion, and we wanted to draw a line that ensures no employee is left behind,” added Sievert.
After the increase in pay, Sievert says that weekly applications jumped from 300 applications a week to 4,000.
The current federal minimum wage is $7.25 per hour, so T-Mobile’s new base pay is almost 2.5x higher than the federal minimum wage.
Image source: Walton Signage
Previous
