
With issues from inflation and the pandemic causing staffing shortages, T-Mobile is raising its base pay to $20 an hour in an effort to hire 5,000 employees within the next 18 months.
Last week T-Mobile CEO Mike Sievert announced that the company would raise its minimum wage nationwide through a blog post.
The CEO said in the post that the increase "is about inclusion, and we wanted to draw a line that ensures no employee is left behind."
Current employees started making $20 an hour at the beginning of the month, however, it was noted by CBS News that most employees are already at that amount, and the company did not specify how many were affected by the wage hike.
Sievert acknowledged that staffing shortages are a result of employees looking for better compensation, work-life balance, and benefits in their jobs.
"It's a job-seekers' market, which means competition to keep and find top talent is competitive," Sievert wrote in a blog post about the pay increase.
T-Mobile chief customer experience officer Callie Field shared the plan to raise the company's minimum wage from $15 and hire the additional staff with Bloomberg News.
The cell phone carrier is now joining other companies who have raised their minimum wage, with inflation reaching highs not seen for decades.