
An indication with the Residence Depot brand on its facade on Friday, Might 14, 2021 in North Miami, Florida. Residence Depot reported its monetary earnings on Tuesday, February 21, 2023.
Wilfredo Lee/AP
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Wilfredo Lee/AP

An indication with the Residence Depot brand on its facade on Friday, Might 14, 2021 in North Miami, Florida. Residence Depot reported its monetary earnings on Tuesday, February 21, 2023.
Wilfredo Lee/AP
Residence Depot is spending $1 billion on worker salaries of not less than $15, the corporate introduced Tuesday.
The primary modifications had been mirrored in worker salaries on February 17, whereas different staff will see their pay modifications on February 24.

“Crucial funding we will make is in our individuals,” mentioned CEO Ted Decker. “We imagine this funding will place us in a robust market place by permitting us to draw and retain the expertise wanted to keep up the client expertise we try to supply.”
It says it has additional expanded coaching and profession alternatives and promoted 65,000 staff in 2022.