Special Report

Companies Paying Americans the Least

10. Macy’s, Inc. (NYSE: M)
> U.S. workforce: 172,500
> CEO compensation: $12.0 million
> Revenue: $27.9 billion
> Net income: $1.5 billion
> No. of U.S. stores: 840

At the end of its last fiscal year, Macy’s employed 172,500 full- and part-time employees. During the holidays, that number rises even further. This year alone, Macy’s plans to hire 86,000 seasonal employees for its stores, distribution centers, and online fulfillment centers. According to Glassdoor.com, an hourly sales associate at Macy’s earns roughly $9.19 an hour, on average. However, many Macy’s employees have the opportunity to earn commission, with the average reported commission-based pay for an hourly sales associate exceeding $2,000 a year on Glassdoor.com. Further, the average hourly wage reported at Bloomingdale’s, also owned by Macy’s, for a similar job was much higher, at more than $13 per hour for a sales associate.

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9. The TJX Companies, Inc. (NYSE: TJX)
> U.S. workforce: 147,459 (est.)
> CEO compensation: $22.5 million
> Revenue: $27.4 billion
> Net income: $2.1 billion
> No. of U.S. stores: 2,475

TJX operates stores under a number of names in the U.S., Canada, and Europe. In the U.S., TJX’s largest brands are clothing stores T.J. Maxx and Marshalls, as well as home furnishing store HomeGoods. The retailer also operates the mostly-online outdoor retailer Sierra Trading Post. TJX’s business model is slightly different from that of other retailers in that it takes advantage of cancelled orders and production overruns to buy at low prices. It can then resell the products to customers at considerable discounts to many department stores’ prices. However, because these stores operate in a retail environment, they still pay employees at levels common for the industry. For example, the average sales associate at TJX earned just $8.07 an hour, according to Glassdoor.com.

8. Starbucks Corporation (NASDAQ: SBUX)
> U.S. workforce: 137,000 (company-owned only)
> CEO compensation: $17.2 million
> Revenue: $16.4 billion
> Net income: $2.1 billion
> No. of U.S. stores: 7,303 (company-owned only)

Starbucks is one of America’s most ubiquitous restaurant chains, and the company continues to post dramatic growth rates. According to the company, Starbucks opened nearly 1,600 net new stores worldwide in the most recent fiscal year, bringing the total number of company-owned and licensed stores to 21,366 in 65 countries. Comparable store sales also rose 5% globally in the most recent quarter. While Starbucks is among the companies paying Americans the least, COO Troy Alstead announced in October pay raises for starting employees and a somewhat more relaxed dress. The changes will take effect in January 2015.