Tuesday 13 September 2022 11:32 PM Hard Rock reveals $100M plan to raise half its workers salaries by up to 60% trends now
Hard Rock International has announced that it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the US, in a bid to retain workers.
The raises, which include an immediate increase to a minimum starting salary of $18 to $21 an hour, are designed to help employees deal with persistent inflation, and to help the company attract and retain top talent in a tight labor market.
Some salaried workers will receive increased merit raises as well, said Hard Rock, the global gambling, entertainment and hospitality company, in announcing the move on Monday.
In some cases, workers will be getting an immediate raise of 60 percent, because the new minimum wage sits so far above the $7.25-an-hour minimum wage, and is also dramatically more than many states whose minimum sits slightly higher.
The raises apply to 95 job classifications, including cooks, housekeepers, front desk clerks, security workers and cage cashiers.
Hard Rock is raising its minimum starting salary of $18 to $21 an hour for non-tipped employees, boosting wages by up to 60% in a bid to retain talent
Hard Rock International has announced that it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the US
'We looked at all the starting salaries of all our (front) line employees, certainly recognizing the economic conditions that have been going on,' said Jim Allen, the company's chairman and CEO.
'We just wanted to do something to really help out and show appreciation to our employees. We're trying to find the highest quality employees, thanking them for their efforts and recognizing that with compensation.'
Hard Rock said the raises will go to half its U.S. workforce.
'It will give Hard Rock a competitive advantage at a time when labor is relatively
