Leading Retailer Raises Minimum Wage to $19.25
- October 7, 2024
- Posted by: Regent Harbor Team
- Category: Business
Contents
Hobby Lobby: A Retail Maverick Amid Rising Inflation
Inflation’s got everybody on edge, clutching their dollars like they’re made of diamonds. Yet, here comes Hobby Lobby with some news that might just make you smile.
Hobby Lobby’s Wage Revolution
So, get this — Hobby Lobby has ramped up their minimum wage to a cool $19.25 per hour. This change kicked in starting October 1st. That’s not chump change, especially in the current economic climate. And honestly, this move is just the latest in their string of wage increases over the past decade.
A Look Back: Hobby Lobby’s Progressive Wages
If we take a trip down memory lane, way back in 2009, this retail giant was among the first to bump its wages above the national minimum. Fast forward to 2017, and they upped the ante again to $17 an hour. Clearly, Hobby Lobby is not playing around.
Employee Prioritization
It’s not all about greenbacks, though. Hobby Lobby is doing its best to put employees first. They go the extra mile by closing stores every Sunday. Plus, their hours mimic a New York deli’s — closing up shop at 8 p.m. on weekdays. It’s like they’re saying, “Hey, go enjoy your life after work.”
Here’s David Green, Hobby Lobby’s head honcho, waxing lyrical about these choices: “For decades, we have closed our stores on Sundays and at 8 p.m. the rest of the week, to help employees balance their work and personal lives, and have time for rest, family, and worship."
The CEO’s Perspective
Green doesn’t stop there. He continues, extolling the virtues of their work culture: "We work hard to provide some of the best wages and benefits in retail, which allows us to attract and retain a great team of associates to serve our loyal customers." He’s got a point. The man behind the scenes clearly values his squad.
Not Just the Bottom Line
In reality, these steps not only highlight Hobby Lobby’s care for their team but also their sharp business sense. They juggle this balance, ensuring success for both employees and the company itself.
Artsy Alternatives and More
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