Verizon raises its minimum wage to $20 an hour

Rhea-AI Summary

Verizon is increasing the minimum wage for new employees in customer service, retail, and inside sales to $20 per hour. Existing employees earning less than this amount will also receive automatic adjustments. Additionally, premium pay differentials will be implemented for assistant managers working on holidays and Sundays, as well as those who are bilingual. To attract talent, Verizon will offer sign-on bonuses in select markets. These changes are based on employee feedback and aim to improve customer experiences and employee satisfaction.

Positive

• Minimum wage increase to $20 per hour for new hires in key positions.
• Automatic raise for existing employees below $20 per hour.
• Introduction of sign-on bonuses for select retail positions.
• Premium pay differentials for assistant managers working on holidays and bilingual staff.
• Continued recognition as a top employer with various awards.

Negative

• None.

For customer service, retail and inside sales positions
Offers sign-on bonuses for retail positions in select markets

NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) -- In recognition of the hard work and dedication of its V Teamers, Verizon is raising the minimum wage for new employees to $20 an hour for Customer Service and $20 an hour (when base salary plus target commission are combined) for its Retail and Inside Sales employees. Existing employees on any of these teams who currently receive less than $20 an hour will be raised to this new rate automatically. And it’s adding premium pay differentials for assistant managers who work on holidays, Sundays and for those who are bilingual.

“Our V Teamers give their best day in and day out to support our customers with all of their needs, which is why we want to make sure we support them as well,” said Krista Bourne, Chief Operating Officer for Verizon Consumer Group. “These changes are the direct result of employee feedback and will help us remain an attractive employer in this competitive environment.”

In addition to the increase in starting wage, in many markets around the country, Verizon is also offering a sign-on bonus for retail specialist and assistant manager positions.

“I’m confident these changes will help us attract and retain the very best talent, and allow us to continue to improve our customer experience,” said Bourne.

The increase in starting wage comes on the heels of an announcement earlier this month of additional enhancements in compensation and incentives for its retail team members. The goal is to ensure alignment to business goals while promoting great customer experiences.

Think you have what it takes? Verizon is specifically looking for people who:

• are early adopters of new technology
• are excited about 5G and its potential
• are gamers and know why low lag takes you to the next level
• are interested in sharing their tech knowledge with others
• are team-players who enjoy sharing goals and celebrating successes
• are focused on taking care of each and every customer
• are committed to driving meaningful change—in their careers, in their community and in the world at large
• are motivated by the opportunity to continuously grow, learn and realize new ambitions
• are looking to be part of the network of people who move the world forward
  

Verizon is consistently ranked as one of the best places to work, was named to the Forbes World's Best Employers and Forbes Best Employer for Women in 2021, ranked #18 on 2022 LinkedIn's Top U.S. Companies, and scored 100% on the 2022 Disability Equality Index as well as the Human Rights Campaign’s Corporate Equality Index. Verizon employees also have access to tuition assistance, world-class training, extensive wellness resources and family planning support such as paid parental leave, backup child and elder care.

You can learn more about positions available at verizon.com/careers.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Steve Van Dinter
steven.vandinter@verizon.com

FAQ

What is Verizon's new minimum wage for employees in 2022?

Verizon has raised the minimum wage for new employees in customer service, retail, and inside sales to $20 per hour.

Will existing Verizon employees receive a pay increase?

Yes, existing employees currently earning less than $20 per hour will automatically receive a raise to meet the new minimum wage.

What additional benefits is Verizon providing for retail positions?

Verizon is offering sign-on bonuses for retail specialist and assistant manager positions in select markets.

What premium pay differentials is Verizon implementing?

Verizon is adding premium pay for assistant managers who work on holidays, Sundays, and for those who are bilingual.

What recognition has Verizon received for its workplace culture?

Verizon has been recognized as one of the best places to work, including awards from Forbes and LinkedIn.