Summary
- Minimum starting salary will begin at $18 to $21 an hour.
- The goal is to help employees with inflation costs and attract new employees.
- Some employees may receive a raise of 60%.
Employees of Hard Rock International received good news this week as the company announced a huge pay raise for non-tipped employees. Over $100 million will be spent to provide better wages to workers. The majority of employees receiving raises work in the United States.
The raises provided to employees will help workers deal with current inflation costs. Minimum starting salary will begin at $18 and go up to $21 an hour. Larger salaries will employee Hard Rock employees deal with the rising cost of living due to inflation across the nation.
The company also hopes to see the wage increase help to attract and keep solid employees. If workers stick around, it will help to lower employee turnover within the company. Some employees may see a raise of 60% due to the increase.
The raises will apply to 95 job classifications. These include front desk clerks, cooks, cage cashiers, housekeepers, and security workers. Chairman and CEO of Hard Rock, Jim Allen, commented on the decision by stating that the company reviewed the starting salaries of front-line employees and recognized the current economic conditions.
Allen said that Hard Rock wanted to do something to help employees and show appreciation. The goal is to find the highest quality employees and thank them for their efforts, by recognizing them with compensation. The increase is welcome by employees as they will now be able to earn more than ever before.
Raises Across the Gambling and Hospitality Industry
The raise announcement by Hard Rock International comes at a time when companies in the industry are decided to increase pay for employees for several reasons. A shortage of employees has been a problem in many areas as well as inflation.
In Atlantic City, UNITE HERE, the main casino union signed a new contract with local casinos. The deal marked the largest salary increase for a casino agreement in the state of New Jersey. Employees now earn $18 an hour minimum and some areas, such as housekeeping, can earn $22 an hour by the fourth year of the agreement.
It will be interesting to see if this move by Hard Rock spurs other companies to do the same. Employees may decide to leave another gaming company for a spot at Hard Rock to earn more money. To stay competitive as a US real money casino and hospitality operator, other companies will eventually have to offer more money or employees will go elsewhere.
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