Costco raised its minimum starting wages to $17 an hour this week. The move comes less than a year after the company raised wages to $16 an hour, its first pay increase since 2019 when the starting rate was $15/hour.
According to the October 19 memo from Craig Jelinek, president and CEO of Costco, emailed to TODAY Food, starting salaries increased across job titles in the retailer’s stores.
“Effective October 25, 2021, we will adjust the starting hourly wages for new employees in the U.S. to $17.00/hour for Service Assistants, $18.00/hour for Service Clerks and $18.50/hour for Meat Cutters,” read the memo. “Current U.S. employees making less than these rates will be moved up to these rates on their scales, and their goal hours will be reset. Please contact your GM or Payroll Clerk with any questions.”