$CVS/$WAG Bonus Wars for Pharmacists

Investment Analysis Clubs Destiny Solutions Corporation
1

WSJ headline: Walgreens Pays Bonuses Up to $75,000 to Recruit Pharmacists

Sub-headline: Pharmacy chain says payments reflect larger strategy around recruitment and retention

https://archive.ph/5k7T4

By Sharon Terlep
Aug. 11, 2022 10:20 am ET

Walgreens Boots Alliance Inc. is offering signing bonuses up to $75,000 to pharmacists in some markets as the company struggles to fill jobs amid a chronic worker shortage that became acute during the Covid-19 pandemic.

The Deerfield, Ill.-based pharmacy chain said it is ramping up spending on labor to alleviate the shortfall, which has dented drug sales and angered workers, some of whom have quit and posted calls on social media for the company to improve working conditions.

Bonuses are on offer in certain markets in every state, according to job postings reviewed by The Wall Street Journal and people familiar with the matter. The $75,000 bonus that Walgreens is paying is rare; more common at the chain are awards of $30,000 or $50,000. The bonuses come with a requirement for pharmacists to remain in their jobs for a period, usually a year or more.

2

Some Walgreens in my area are closing at times due to staff shortages. I presume pharmacists.

That causes prescription holders to switch to other stores to pick up meds and long wait lines at some of them.

On Nextdoor we have people sharing which Walgreens have the shortest waits. There are lots of them. Some less well known than others.

1 Like