Signet Jewelers will raise its company-wide minimum wage for US workers to $15 per hour, more than double the country’s national minimum wage.
The change will be fully implemented by spring of 2022 and will cover all full- and part-time employees of the company.
The move follows the company’s Love Takes Care Appreciation Award, a bonus paid recently to full-time and part-time hourly employees to recognise their work during the pandemic.
Signet CEO, Gina Drosos, commented: “As a purpose-driven company that puts our people first, we believe that raising our minimum wage is the right thing to do.
“Our team showed incredible agility, creativity and compassion this past year – learning new capabilities that accelerated our transformation, exceeded customers’ expectations and delivered the best holiday season we’ve had in nine years.
“As we enter the next phase of our Path to Brilliance, we do so with the firm belief that businesses that prioritise their team will deliver better results by unlocking even more innovation.”
Mary Liz Finn, Signet chief people officer, commented: “Signet’s business is based on the enduring power of relationships and love.
“Our team members nurture relationships with customers and the many communities we’re a part of each day, in every part of our business.
“Continuing to invest in our team members helps ensure that they can thrive at work and at home, build long-term careers, and contribute to their communities.”