New York CNN —
Sam’s Club said Tuesday it will raise pay to incentivize workers to stay with the company — and not jump ship to Costco.
Sam’s Club, the membership club arm of Walmart, will increase its minimum wage to $16 starting in November from $15 an hour. It will also raise wages for its nearly 100,000 employees, ranging from 3% to 6% depending on their tenure.
Sam’s Club charges customers $50 for a regular membership. To keep and grow its membership, Sam’s Club must meet a higher bar for customer service than retailers
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