With more people staying home this year, many are doing home improvements and DYI projects, Home Depot's earnings for the third quarter rose 23 percent from the same period in 2019. Recently the company announced that it will invest a billion dollars of that profit into its employees.
Throughout the pandemic, Home Depot has supported employees with expanded paid time off for all hourly workers, and temporary weekly bonuses for everyone. Now it is transitioning from temporary measures to permanent wage increases for frontline employees -- both full and part-time -- totaling $1 billion in raises for workers annually.
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