Home Depot Invest 1 Billion Dollars in Permanent Employee Raises

In response to its strong third quarter earnings, The Home Depot is investing billion dollars to support permanent raises for its employees. The retailer’s success has been credited to more families being at home completing those long overdue home improvement projects.

Throughout the COVID-19 pandemic, The Home Depot has implemented expanded paid time off for all hourly workers and temporary weekly bonuses for everyone.

Chairman and CEO Craig Menear, said in a statement, “I am proud of the resilience and strength our associates have continued to demonstrate, and I would like to thank them.”

“We believe that our associates are a competitive advantage to the Home Depot, and they’re critical to the overall customer experience.”