Costco Faces A Problem Bigger Than Retail Theft

By Bo Beard | May 5, 2024

Fair compensation

Costco is known for its employee-friendly policies and has consistently offered higher wages compared to other retail companies.

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The warehouse club raised its minimum pay to $15 per hour in 2019 without any protests, showcasing its commitment to fair compensation. Costco, led by former Chief Financial Officer Richard Galanti, has prioritized employee satisfaction as a valuable investment that yields positive returns.

Employee well-being

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Galanti, who recently retired after a long tenure with the company, emphasized this focus on employee well-being during Costco’s first-quarter earnings call.