National drug store chain CVS says it’s hiking its starting wage for hourly workers and introducing a comprehensive paid family leave package for employees as a result of the Republican tax cuts which passed late last year.
CVS announced Thursday that its quarterly earnings were better than expected, according to CNBC, and as a result, the company is making big changes to its policies for all of its 240,000 part- and full-time workers.
The retailer will hike its minimum, starting hourly wage from $9 to $11 across the board, even in states where $11 greatly exceeds the local minimum wage.
For full-time employees, including pharmacy employees, those in upper management, and employees of CVS’s extensive mail-order and corporate drug supply businesses, CVS is introducing a four-week family leave program where employees can take up to a month of paid time off after the birth or adoption of a child.
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