Sam's Club is raising its starting hourly wages from $15 to $16 in an effort to compete better in the retail workforce and attract employees amid rising competition from rivals such as Costco, which has a starting wage of $19.50.
The changes, which will take effect in early November, will impact nearly 100,000 employees at Sam's Club as the company seeks to improve its appeal in a challenging retail environment marked by low pay and unpredictable schedules.
Historically, US retail jobs have been unattractive due to low wages and strenuous work conditions. The pandemic exacerbated this issue with rising turnover among workers who dealt with unpredictable shopper behavior and compliance challenges.
As the largest retailer in the world with 1.6 million US employees, Walmart's broader strategy includes annual stock grants for managers and recent pay raises to further improve staff retention and recruitment.
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