Sam’s Club is raising its hourly wages to $16 per hour for 100,000 workers starting in November. The move is part of a recently rolled-out compensation plan that will be implemented before the holiday shopping rush.

Sam’s Club said Tuesday it will raise pay to incentivize workers to stay with the company — and not jump ship to Costco.

Walmart announced that it will raise wages for its Sam's Club employees Tuesday, in an apparent attempt to keep up with Costco in a retail wage race.

Sam's Club workers with longer tenures to get larger increases in changes slated to take effect in early November.

Initial pay at Sam’s Club remains below Costco, which in July raised its starting wage for US workers to $19.50.

The club chain, owned by Walmart Inc., said store employees’ starting wages in the US will increase to $16 from $15.

US superstore Walmart's Sam's Club announced on Tuesday that it would raise average hourly wages for nearly 100,000 of its workers. The change comes as part of a new employee compensation plan that will come into effect ahead of the holiday season rush.

In a strategic move to address the ongoing challenges of employee retention in a competitive labor market, Sam’s Club has announced a significant overhaul of its compensation policies. The retail giant is not only increasing starting wages for hourly workers but also introducing a new comprehensive compensation plan designed to provide greater financial predictability and

Sam's Club said the new pay plan gives employees a predictable roadmap of pay increase milestones and a "longer-term perspective" on how they're balancing their personal financial