Charter’s 95,000 employees will see the increase by the end of the year confirmed CEO Tom Rutledge.
The company cited President Donald Trump‘s historic tax reform legislation — which reduced the corporate tax rate from 35 percent to 21 percent — and the Federal Communications Commission’s December repeal of net neutrality rules as major reasons for increasing compensation.
“With the resources and investment confidence resulting from historic tax reform legislation and the FCC’s removal of the 1930’s era regulatory framework for internet service, Charter is increasing our investment in our workforce,” Rutledge said.
“Raising our minimum wage is the right thing to do for our employees and our company. The majority of our employees are call center representatives, field technicians and staff at Spectrum stores,” Rutledge continued. “Our commitment to pay every employee at least a $15 per hour income will enhance our efforts to develop our highly-skilled, diverse and locally based workforce, improving their lives and the lives of the customers they serve.”
Most of Charter’s approximately employees are call center representatives, field technicians and store staff. They are the face of Charter some 26 million customers across 41-states.
Charter also plans to hire more than 20,000 employees by 2020 and the minimum wage increase will “enable [Charter] to better attract, train and retain the highly skilled, diverse workforce we want and need to solve [their]customers’ problems or install cable broadband service in their homes.”
Charter also reiterated its plan to invest $25 billion in infrastructure. The company said it is continuing to expand its broadband network, which includes trying to reach more rural communities, “with a minimum speed of 100 Mbps, to more communities across the country.”