From Home Furnishing Business
Wayfair Boosts Minimum Wage to $15 for U.S. Employees
Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, has announced that all U.S. employees will now make at least $15 per hour.
The increase took effect on January 3, 2021 and applies to full-time, part-time and seasonal employees across the company’s U.S. operations. More than 40 percent of Wayfair’s hourly employees working across its U.S. supply chain and customer service operations will receive a pay increase.
"Throughout the challenges of the past year, we rolled out numerous initiatives to support our team including pay premiums, bonuses and a family dinner program. Now, as we enter 2021, we are continuing to build upon our steadfast commitment to our team and their families by increasing minimum pay for all hourly employees," said Niraj Shah, CEO, co-founder and co-chairman, Wayfair.
"We are fortunate to have an incredible team that puts our customers first each and every day and it is important to us that they feel supported and fairly compensated for the important work that they do. We are proud to offer market-leading compensation and the opportunity for all employees to build careers in a collaborative and supportive workplace that rewards great work," added Shah.
In addition to market-leading compensation, Wayfair has also extended benefits to further support its employees throughout the Covid-19 pandemic, including an ongoing pay premium for its frontline team, a variety of bonuses, emergency paid time off, and childcare support for all employees. These initiatives are in addition to an already comprehensive benefits package which includes equity, 401K matching, tuition reimbursement, mental health support, paid time off, an employee discount across all Wayfair sites, and more.
In addition to providing all employees with highly competitive compensation and benefits, Wayfair believes in supporting the local communities in which its employees live and work. Over the past year, Wayfair invested more than $12 million in the greater community, including $3 million in small businesses, providing hundreds of thousands of meals for its employees and their families from local restaurants that were struggling due to the pandemic.
Wayfair’s Dinner To Go program provided every frontline employee with two free, family-sized meals per week from local, family-owned restaurants throughout the most difficult months of the pandemic. The initiative supported both frontline teams as well as struggling small businesses in areas across Wayfair’s logistics network.