Stock Groups

Walgreens Boots heaps bonuses, rewards for pharmacists amid labor shortage By Reuters


© Reuters. FILEPHOTO: This is a Walgreens location in Chicago, Illinois on February 11, 2021. REUTERS/Eileen T. Meslar/File Photo/File Photo

(Reuters) – Walgreens Boots Alliance (NASDAQ:) Inc will give a one-time bonus of $1,250 to its full-time pharmacists and a $1,000 payment to part-time pharmacists, the drugstore chain said on Friday, as major retailers try to retain people amid intense labor shortage.

The $1,000 bonus will go to certified pharmacists who administer the flu or COVID-19 vaccines.

Due to the COVID-19 pandemic, there has been a national labor shortage. Companies are offering $1,000 rewards and incentives for their employees to increase wages ahead of the holiday season.

Walgreens and CVS, as well as other drug stores that will offer the booster COVID-19 vaccinations, are likely to experience more customers between November and January. This increases demand for workers.

In October, the company stated that its minimum wage would be raised to $15 an hour. U.S. restaurants and retailers, such as Walmart (NYSE:), and Chipotle Mexican Grill(NYSE:), have increased hourly wages.

According to the company, it will also offer $200 in myWalgreens cash incentives for employees who are fully vaccinated against COVID-19 before Nov. 30,

Walgreens stated that most employees have had their COVID-19 vaccines. It also provided $200 myWalgreens cash to any employee who was fully vaccinated by Nov. 30. Support office staff were required to get vaccinated, or to enroll in regular testing programs to meet government regulations.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.