Tuesday, June 6, 2023

Macy’s Will Raise Minimum Pay Rate and Increase Benefits For Employees in February

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NEWPORT NEWS – Macy’s Inc. recently announced the company is launching a tuition benefit program and raising its company-wide minimum rate to $15 per hour for employees beginning February 2022.

Macy’s will provide a debt-free education benefit program to its employees, investing approximately $35 million over the next four years. The program will be available for all U.S.-based, regular, salaried and hourly employees.

It will cover 100% of tuition, books, and fees for a wide range of options, including courses for high school completion, college prep, English language learning, associate and bachelor’s degrees, boot camps and professional certificates within Macy’s debt-free network.

This investment is part of Macy’s ongoing commitment to attract and retain talent critical to its continued growth as a digitally led omnichannel retailer and to the execution of its Polaris growth strategy, as stated in a press release.

Macy’s has partnered with a leading education and upskilling platform, Guild Education, to assemble the program and help Macy’s colleagues gain the skills, knowledge and experience they needed to achieve their professional goals without financial barriers.

“As a company, we’re driven by our mission to enable our colleagues’ success and be the preferred employer everywhere we do business, with competitive pay and benefits rooted in principles of equity,” said Danielle Kirgan, chief transformation and human resources officer at Macy’s Inc.

Locally, there is a Macy’s located within the Patrick Henry Mall in Newport News.

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