Walgreens is offering up to $75,000 to recruit pharmacists amid shortage
Walgreens is offering the bonuses amid a shortage of pharmacy workers during the pandemic
Pharmacists are in such high demand that Walgreens is offering a hefty signing bonus of up to $75,000.
The Wall Street Journal reported Thursday that typically Walgreen signing bonuses are around $30,000 or $50,000. But due to pandemic-related staffing challenges, the signing bonus can be up to $75,000 in certain markets across the U.S.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WBA | WALGREENS BOOTS ALLIANCE INC. | 18.05 | -0.17 | -0.96% |
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A curbside pickup sign outside a Walgreens location in Louisville, Kentucky. | Getty Images
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"This is one of many steps to address pharmacy staffing in some areas, in order to best meet the needs of our customers and patients, as well as recognizing our current pharmacy staff for their hard work and dedication," Walgreens said in a statement to Fox News.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CVS | CVS HEALTH CORP. | 68.50 | -1.11 | -1.59% |
| RAD | n.a. | n.a. | n.a. | n.a. |
However, new hires are required to stay on the job for at least a year to receive the bonus.
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The median annual salary for pharmacists was $128,570 in 2021, according to the U.S. Bureau of Labor Statistics.