At CVS, Only the Very Rich Get Much Richer
At CVS, it doesn't pay to be really good at your job. The nation's second-largest drugstore chain adjusts its annual raises to how much an employee makes. The higher your salary, the lower your raise. The top workers at CVS stores — those earning the highest hourly wage for their job classification — are "red lined" by the company and receive no raises at all. I can say that because I have my hands on an internal CVS document — the company's 2014 wage management guidelines — which spells out the pay ranges for different positions and caps on raises.