ALTOONA – Sheetz, one of America’s fastest-growing family-owned and operated convenience retailers, has announced that all of the company’s salaried employees will earn a minimum base salary of $47,500 per year.
The decision was made in connection to the proposed Fair Labor Standards Act (FLSA) rule from the U.S. Department of Labor.
The rule called for an increase to the minimum salary for salaried employees, which was set to take effect on Dec. 1.
Despite a federal judge’s injunction on Nov. 22, which prevented the regulation from going into effect, Sheetz plans to move forward with the salary changes already communicated to its employees.
“Since our founding in 1952, the success and satisfaction of our employees at Sheetz has been vital to the accomplishments of the company itself,” said Joe Sheetz, president and chief executive officer of Sheetz Inc.
“This announcement represents our constant efforts toward attracting and retaining the best talent and being a great place to work. It is a commitment that reaches beyond compensation, to the offering of excellent benefits and a great balance between work and family.”
The pay increase affects approximately 270 employees and is expected to cost approximately $1 million annually. Sheetz employs more than 17,500 people in Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina.
In just this year alone, it was named by Fortune as one of the 100 Best Companies to Work For, in the Top 12 Best Places to Work for Women and Top 35 Best Workplaces for Millennials.