Hard Rock International, the global gambling, entertainment and hospitality company, said Monday it is spending over $100 million to give significant raises to 10,000 non-tipped workers, most of them in the U.S.
The raises, which include an immediate increase to a minimum starting salary of $18 to $21 an hour, are designed to help employees deal with persistent inflation, and to help the company attract and retain top talent, lessening employee turnover.In some cases, workers will be getting an immediate raise of 60%. The raises apply to 95 job classifications, including cooks, housekeepers, front desk clerks, security workers and cage cashiers.
It comes as wages in the casino industry, as in many others, are increasing due to several factors including a shortage of workers and rising salaries in other fields that are luring casino workers. In July, the main casino workers union in Atlantic City reached what it termed an "historic" contract with the city's nine casinos, providing for the largest salary increases ever granted in a casino pact in New Jersey. It provides for an $18 hourly starting rate, and classifications such as housekeeping will earn $22 an hour in the fourth year of the deal.
The $18 hourly starting salary announced Monday by Hard Rock is 2 1/2 times the federal minimum wage of $7.25 an hour, and exceeds the local minimum wage in every state in which the company operates, Allen said.
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