RTTNews | Aug 4, 2021 08:28AM EDT

08:27 Wednesday, August 4, 2021 (RTTNews.com) - CVS Health (CVS) said it will raise the minimum enterprise hourly wage to $15 per hour effective July 2022, with incremental increases to the company's competitive hourly rates starting this month. About 65 percent of employees earning hourly wages already make more than $15 per hour.

Moving to $15 an hour next year will mark a more than 60 percent increase in the CVS Health minimum enterprise hourly wage over a four-year period, the company said in a statement.

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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