U.S. corporations just got a big tax cut, and Starbucks is using some of its savings to boost worker benefits. The coffee giant announced this morning that all domestic employees, both hourly and salaried, are getting a pay raise; it’s also doling out company stock and expanding paid sick leave and parental leave.
Pay raises will take effect in April, and are in addition to the regularly scheduled annual raises employees have already received this year. Starbucks did not indicate how much the pay hikes will be, but says they ”will be allocated based on regional cost of living and laws that vary from state to state.” It will also dole out stock grants of at least $500 to all employees at its stores, plants, and support centers who worked for the company as of January 1, 2018.
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