Starbucks Says Eligible U.S. Retail Hourly Partners Will See At Least 3% Incremental Pay Increase And Differentiated Pay For Eligible Tenured Partners, Effective January 1.
Portfolio Pulse from Benzinga Newsdesk
Starbucks has announced that eligible U.S. retail hourly partners will receive at least a 3% incremental pay increase, and differentiated pay for eligible tenured partners, effective from January 1.
November 06, 2023 | 11:13 am
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NEUTRAL IMPACT
Starbucks' decision to increase pay for eligible U.S. retail hourly partners may lead to increased employee satisfaction and retention, but could also impact the company's short-term profits.
The pay increase announced by Starbucks could lead to increased employee satisfaction and retention, which can positively impact the company's long-term performance. However, in the short term, this could lead to increased costs for the company, potentially impacting profits. The overall impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100