Hard Rock International Chairman and Seminole Gaming CEO Jim Allen says the $100 million wage investment aims to ease inflation 'tension in the labor force.'
Hard Rock CEO Jim Allen says the company's wage raises weren't given to management or executive positions." Friday to reveal why the hotel and casino conglomerate is giving a very generous – and expensive – gesture to its U.S. employees amid decades-high inflation.
"There is definitely tension in the labor force," Allen told FOX Business’ Neil Cavuto. "But when we looked at the hourly rates and the cost of living and all the additional expenditures that they are incurring, I just felt compelled to really thank them and really show them that we care about them as individuals."
Reporting that the Hard Rock brand "has been doing very well this year," Allen announced an initiative Tuesday to thank the company’s line employees with a $100 millionfor half of its U.S. workforce at company-managed hotel, café and casino locations nationwide.
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