Sheetz Will Increase Salaries Despite Overtime Rule Injunction
ALTOONA, Pa. — Sheetz Inc. will continue with its plans to give all salaried employees a pay increase that provides a minimum base salary of $47,500 per year despite a federal judge's injunction preventing a new overtime regulation from going into effect.
The convenience store chain's decision to institute a base salary was made in conjunction with the proposed Fair Labor Standards Act rule from the U.S. Department of Labor, which called for an increase to the minimum salary for salaried employees and was set to take effect Dec. 1.
"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 CEO 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 operates more than 535 c-stores and employs more than 17,500 people in Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina.