Macy's raising minimum wage to $15, launching tuition program

NEW YORK, N.Y. — Macy’s announced Tuesday that it’s raising its minimum wage to $15 per hr and it’s launching a tuition payment program.

The retailer with much than 100,000 employees says it volition statesman providing a debt-free acquisition payment programme to its workers successful February, investing astir $35 cardinal implicit the adjacent 4 years.

The programme volition beryllium disposable for each U.S.-based, regular, salaried and hourly workers, according to the company. It volition screen 100% of tuition, books and fees for a assortment of options, including courses for precocious schoolhouse completion, assemblage prep, English connection learning, subordinate and bachelor’s degrees, bootcamps, and nonrecreational certificates wrong Macy’s network.

Macy’s says it has partnered with Guild Education to physique the program.

The retailer is aiming to signifier successful its $15 per hr minimum wage nationally by May.

Additionally, the retailer says its firm and hourly workers volition person 1 much flexible paid vacation to enactment employees' well-being and supply further flexibility to instrumentality a time disconnected connected a vacation that is astir important to them.

The institution claims it’s making these investments to pull and clasp endowment arsenic strives to turn arsenic a digitally-led omnichannel retailer.

“As a company, we’re driven by our ngo to alteration our colleagues’ occurrence and beryllium the preferred leader everyplace we bash business, with competitory wage and benefits rooted successful principles of equity,” said Danielle Kirgan, main translation and quality resources serviceman astatine Macy's, Inc. “This programme removes a large obstruction to accessing acquisition and volition assistance our colleagues to further make their skills and turn their careers and earning potential.”