Retail workers’ hourly wages have increased substantially in the last several years as major employers like Walmart, Target, Home Depot, Lowe’s, and more have plowed billions of dollars into pay increases in a bid to get people to join — and stay.
Ever since Amazon set its minimum wage at $15 in 2018, more retailers have followed suit by offering starting wages that are more than double the national minimum of $7.25. The Federal minimum was last set in 2009.
But hourly wages are just one part of the pay equation. An employee’s earnings also depend greatly on how many hours they work. That can vary considerably, especially in seasonal segments.
So, to get a picture of what the typical worker makes in a year at various retail brands, Business Insider used AlphaSense to find the data in the most recent proxy filings that publicly traded companies must file with the US Securities Exchange Commission.
Rules following the financial crisis of 2008 require public companies to calculate their median worker’s annual salary to compare it to the CEO’s compensation.
“Median” refers to the middle-most value in an ordered list. In terms of compensation, that means about half of a company’s workers earn more and half earn less than its “median employee.”
Scroll through below to see where 19 of the largest companies rank, from lowest to highest annual pay.
