Kroger is putting emphasis on its people’s well-being with the announcement of an incremental investment. The company is focusing on raising average hourly rates, improving healthcare options, building new training, and more with the investment of $770 million in its associates during 2023.
“Our associates enable our success, and we are committed to investing in theirs,” said Rodney McMullen, Chairman and Chief Executive Officer. “For so many, Kroger represents a first job, a new beginning, or a change in career path. Continuing to raise wages and provide excellent benefits to our associates is one way we demonstrate how much we value and respect their contributions.”
The $770M investment will build on the $1.9 billion incremental investments in wages and comprehensive benefits Kroger has made since 2018. That previous effort raised the company's average hourly rate to $18 or $23.50 per hour with comprehensive benefits.
According to a press release, other Kroger investments include:
“Investing in our associates’ holistic well-being is an essential part of what makes Kroger an employer of choice, and ultimately becomes an investment in our customers and communities,” said Tim Massa, Senior Vice President and Chief People Officer. “When we think about how we build our benefits, we want to enable every associate to thrive financially and emotionally—both in their careers and at home. We look forward to continuing to celebrate our associates and the many ways they show up for our customers and each other every day.”
DMN will keep a pulse on the radar for more retail updates.
