"Our new approach is one step in a series of investments we've made in our people over the last several years, all designed to provide more meaningful jobs and build successful teams," CEO Chris Nicholas said in a statement.
The new plan will introduce a range of 3% to 6% that progresses the longer a worker is employed with the company, allowing employees to reach their maximum pay rate for their role in eight years.
Sam's Club says the changes will bring the average hourly wage to more than $19, up nearly 30% over the past five years, alongside more predictable schedules and increased hours.
Even after the increase, the average wage at Sam's Club will still lag behind Costco, where a recent hike brought the starting wage for most hourly positions to $19.50 an hour.
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