Home Depot is set to pay its hourly employees $1,000 due to tax reform.
Home Depot is awarding its hourly employees in the U.S. a one-time cash bonus of as much as $1,000 following the passage of new tax legislation.
All U.S. hourly workers will get at least a $200 bonus, a spokeswoman told CNBC, and the maximum payout is $1,000 for workers who’ve served at Home Depot for at least 20 years.
The company joins a growing list of corporations, and many retailers, using new tax benefits to invest in their workers.
“This incremental investment in our associates was made possible by the new tax reform bill,” Chief Executive Officer Craig Menear said in prepared remarks. “We are pleased to be able to provide this additional reward to our associates.”
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