The company has decided to provide various benefits to its employees, including medical prescription and dental insurance, a flexible spending plan, life insurance, and vacation expenses. Employees will also be paid personal time off benefits. The benefits will be added to the bucket of benefits that the company has decided to provide.
Reasons for the hike
The company has come into the news for offering face masks and sanitation supplies to its employees during the covid pandemic. The company has been forced to close around 900 stores due to the pandemic, affecting more than 43000 employees who work at these stores.
Hobby Lobby founder and CEO David Green said that the company’s employees have been facing many challenges this year, including the Covid-19 pandemic. He said that the company is inspired by the raises that several private companies have given their workers in order to support them during this time. ..
The move comes after various companies announced an hourly starting pay increase to $15, which will be fully implemented across the country by Nov. 1, 2022. However, the part-time workers who earn $11 per hour, will not be eligible for this new hike. Also, the company didn’t disclose the number of employees who benefit from this hike.
Starbucks announced that its workers will earn at least $15 an hour, which will be increased up to $23 per hour by next summer. The employees who worked more than 5 years or more will receive a ten percent raise while those who provided two or more years of service will be given a five percent raise.
CVS Health announced on Wednesday that it will raise wages for its workers to $15 per hour by July 2022. The company also plans to give additional pay increases to its pharmacy technicians and call center representatives. ..
Some economists and policymakers raised concerns about this and said that if the new raised wages will be applied even to the workers who earn less than it will really help in putting their minimum wage at a decent level.
The Legacy
Hobby Lobby is a company that closes all its stores on Sundays so that its workers can spend time with their family members and enough time to worship. The company also advocates for the worker’s rights in the workplace, and fights for their cause. In 2014, Hobby Lobby also sued some private companies which denied their female workers the coverage of insurance for contraceptives.
In 1972, Green founded Hobby Lobby, which is known for its religious values. In 2013, the company purchased more than 5000 ancient Iraqi artifacts that are said to have been smuggled through the United Arab Emirates and Israel. A complaint was filed against the company that caused it to settle the federal complaint for $3 million. ..
In 2019, Hobby Lobby partially funded a historic clay tablet known as the “Gilgamesh Dream Tablet” which was looted from Iraq and out in the Museum of the Bible. These artifacts were seized then by federal police.
Conclusion
The decision by the Hobby Lobby to hike wages for its employees in order to maintain its legacy as a supporter of employee well-being was highly praised by various think tanks, economists, and policymakers. However, the low-wage earners are not included in this benefit, which invites criticism. ..
Private companies are increasing their minimum wage to $15 an hour, which will help millions of families come out of poverty. The nonpartisan Congressional Budget Office once did an analysis in 2019 and said that an increase in the federal minimum wage from $7 to $15 an hour by 2025 will help to lift 1.3 million families out of poverty. ..
The minimum wage at Hobby Lobby is $11.50 per hour.
The Christian-owned chain said the wage increase will help offset increased costs associated with the Affordable Care Act. Hobby Lobby, a Christian-owned chain, announced Tuesday that it will raise its minimum full-time hourly wage to $18.50, effective Jan. 1, 2022. The wage increase will help offset increased costs associated with the Affordable Care Act. ..
Yes, Hobby Lobby has seasonal employees in Oklahoma.
Hobby Lobby, a chain of small, family-owned stores in Oklahoma City, announced on Wednesday that it was hiring 11,000 seasonal store employees for the holiday season. The company said it had also raised its part-time minimum hourly wage by 18%. Hobby Lobby has been closed on Sundays since 1998.
Hobby Lobby is a chain of stores that specializes in religious items, such as Christian books, crosses, and other religious items.
In the early 1970s, Green founded Hobby Lobby, a company that sells religious items such as crosses and prayer books. The company has been in controversy ever since, with some people accusing it of promoting religion in a way that is not true or respectful of others’ beliefs.
