when they learned their paychecks are about to get a lot bigger.
The increases are significant, more than 60% in some cases, with starting wages between $18 and $21 an hour for workers in 95 different jobs, including cooks, housekeepers, security public space, call center and front desk attendants. In Florida, where the company is headquartered, some team members could get $16,000 more than the state’s minimum wage, Hard Rock said.
“We could have substantially reduced the total capital that we’re willing to commit to our employees, hypothetically, maybe given $2 or $3 an hour raise versus a $6 or $7 [an hour],” Allen told CNBC, “but I looked at it and said, ‘Let’s be the leader. Let’s be ahead of the curve.’” But, Allen added, he’s also concerned about skyrocketing inflation and its impact on employees. “We have really changed the lifestyle and the standard of living of thousands of people,” he said.
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