The housing market is booming. That’s great news for Home Depot — and its workers.
Home Depot reported better-than-expected sales and earnings Tuesday, and the company is planning to invest $1 billion annually on increased worker benefits. That’s on top of the $1.7 billion in benefits the company has already granted this year in response to Covid-19.
Home Depot unveiled temporary programs during the coronavirus pandemic such as expanded paid time off and weekly bonuses. But the company has decided to give hourly workers a permanent pay increase as the housing market continues to thrive.