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CVS Health raises wages, cuts education requirements amid labor shortage

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A driver unloads merchandise in New Rochelle, New York, March 16, 2020.

Angus Mordant | Bloomberg | Getty Images

As retailers fiercely compete for workers, CVS Health said Wednesday it is slashing education requirements for job candidates and giving employees a raise.

The drugstore chain said it will boost hourly pay as soon as this month and ultimately hike its minimum wage to $15 an hour as of July 2022. Its current starting wage is $11, but CVS said about two-thirds of employees already make more than $15 an hour.

As part of that new wage structure, the company said some roles — such as pharmacy technicians and call-center representatives — will get an increase, too, even though they…



Source cnbc.com

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