With American restaurants across the country scrambling to find enough waiters and cashiers to serve customers, Starbucks Corp said Wednesday it will provide pay raises to workers in the United States with at least two years of employment and offer benchmark bonuses of 200. Dollars.
Workers with at least two years of employment could get a raise of up to 5% and those with at least five years could receive a 10% pay increase by the end of January, Starbucks said.
The median wage for all American workers will range from $ 15 to $ 23 an hour, averaging nearly $ 17 an hour, by the summer of 2022, the Seattle-based company said.
Many chains are raising wages to try to attract more workers.
Restaurants are struggling to hire and retain enough workforce to keep stores open at full capacity amid widespread staff shortages.
McDonald’s reported Wednesday that some of its locations had to close early or saw their service times decrease due to a labor shortage.
In December, Starbucks increased the salary by 10% or more for existing staff and said it would increase the starting salary to at least $ 15 an hour for the next two years.
Changes in the past two years will total investments worth $ 1 billion in wages and benefits, he said.
Shares of the global coffee chain have risen about 7 percent since the beginning of this year.