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The new wage applies to all T-Mobile employees, regardless of role, or full-time or part-time status with the cellular service. It also includes new team members who are just beginning to work for the company.
The $20 wage is a minimum rate, which means some employees may also make more. The company says a majority of employees already earn more than $20 per hour, especially when including incentive pay.
“Above all, we know that it’s our customers who truly benefit from well-rewarded, supported and enthusiastic employees. Investments in our team are a direct investment in our business, and ultimately in the experience of our customers,” T-Mobile CEO Mike Sievert wrote in a blog post. “Paying employees a good earning wage as they grow their careers has translated into growth for our company. It’s been a winning formula for us, and today we’re simply broadening the strategy a bit, to make sure everyone benefits. ”
T-Mobile is just one company that has announced minimum wage increases recently in the hopes of attracting and retaining workers in a tough labor market that has employers coming up with all kinds of incentives to attract and keep talented employees.
Amazon hired 75,000 employees earlier this year, with average wages starting at $17 an hour and sign-on bonuses of up to $1,000 in certain locations. That was followed with the hopes of hiring 125,000 workers, which lead to the new starting pay of $18 per hour and sign-on bonuses of up to $3,000 in select locations.
Despite the wage increases designed to attract workers, some experts say there isn’t a true labor shortage. They say instead that it’s a lack of good jobs and many workers are simply no longer willing to work for low pay in what can be difficult and dangerous positions.
Do you work in a field seeing wage increases?