Hobby Lobby Minimum Wage Increase
The current state of the worker shortage and understaffing has forced many companies to increase their minimum wage rates, but they have had to do so in order to attract more employees. With the current state of a worker shortage and understaffing, companies are having to increase their minimum wage rates in order to entice more employees.
Hobby Lobby Stores, Inc. is a store that you all know and shop at. Hobby Lobby was founded in 1972 by its founder David Green. The company made over $5 billion in revenue in 2018, the last year the report of the company was made public. With over 43 thousand employees and 900 locations, while the chain’s HQ is located in Oklahoma, you can find a Hobby Lobby anywhere you look in the United States. With close to a thousand stores, you can expect a streamlined and regulated service from the company. With its main assets sold being arts and crafts supplies, Hobby Lobby Stores, Inc. functions in 47 states across America.
The minimum wage for workers who are working at Hobby Lobby is $13.00 an hour. This is lower than the minimum wage for workers who are working at other companies, but it is still higher than the minimum wage for workers who are working in the state of Oklahoma. ..
Hobby Lobby Minimum Wage
The wage increase for Hobby Lobby employees came about due to the company’s decision to no longer offer a salary for its part-time workers. Previously, the hourly wage for part-time workers was $13, but this increased to $17 at the beginning of 2022. This change in policy was made in order to save money on employee costs.
Hobby Lobby, a company that has increased its minimum wage over ten times in the last decade, pays its employees differently depending on their hours worked. Full-time and part-time workers receive the same wage, but the part-time worker will work fewer hours than a full-time worker. This difference in wages is quite apparent when companies like T-Mobile pay their employees $20 per hour without making a distinction between a full-time or part-time worker. ..
Hobby Lobby Minimum Wage Compared
The Hobby Lobby minimum wage is higher than the California minimum wage requirement of $15 per hour. ..
Target offers a minimum wage of $11.25 an hour, while Hobby Lobby promises a minimum wage of $7.50 an hour. This difference is significant, and it could have a significant impact on the number of jobs that Hobby Lobby can create.
While Target currently pays its employees a minimum wage of $15 per hour, it has plans to increase this wage to $24 per hour in the future. This would be quite a feat, as Walmart, while it changes from state to state, at highest some stores in certain states reach is $17 per hour while it can be as low as $12 per hour and in most stores, that is the case. ..
Conclusion
Hobby Lobby, one of the largest craft stores in the United States, announced that their hourly wage will increase to $18.50 starting on January 1st. This change is likely to make Hobby Lobby one of the best opportunities for earning money in terms of similar stores that serve similar products. Before companies like Walmart and Target increase their minimum wage to their goal amounts, this seems like it will stay the case for some time. ..
Walmart and Target have been accused of paying their part-time employees less than their full-time employees. This has led to accusations that the companies are exploiting the fact that part-time employees are not eligible for benefits, such as paid sick leave. ..
Walmart and Target both change their pay for part-time employees, but Hobby Lobby does not.
Hobby Lobby, a chain of stores that specializes in religious items, does not pay weekly wages to its employees.
Hobby Lobby’s salary plan is bi-weekly, so it pays its employees every two weeks.
