Macy’s Raises Hourly Wage To $15 And Rolls Out College Tuition To Try To Win Workers

Macy’s is the latest retailer to sweeten its benefits and wages in a bid to attract talent in a tight labor market. The department store chain said Monday it will raise its minimum wage, for new and current workers, to $15 per hour by next May. Once the higher pay is in effect, Macy’s average base pay will be above $17 per hour, and average total pay will be $20 an hour, the company said. Macy’s is also adding an education benefit that will cover 100% of tuition, books and fees. Read more at CNBC.