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CVS raises minimum wage to $15 an hour

CVS Health on Wednesday announced it will boost its minimum wage to $15 an hour and remove additional barriers to employment at the company.

Beginning this month, CVS will make incremental increases to its hourly rates, culminating in a $15 minimum hourly wage in July 2022. Roughly 35% of the company’s hourly employees make below $15 an hour, according to CVS.

The new wage structure includes additional increases beyond the minimum, with higher starting hourly rates for roles such as pharmacy technicians and call center representatives.

Last week, CVS Health opened its newest workforce innovation and talent center in Pittsburgh, which provides employment services and training to underserved populations through partnerships with faith-based and community organizations. An additional location opened in Philadelphia this week, which will help bring financial stability to more individuals and families.

In addition to boosting wages, CVS Health is removing barriers to obtaining employment. Recently the company eliminated the high school diploma or GED requirement for most entry-level roles, and this year will eliminate the GPA requirement for university recruitment.

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