"We could have substantially reduced the total capital that we're willing to commit to our employees, hypothetically, maybe given $2 or $3 an hour raise versus a $6 or $7 ," Allen told CNBC, "but I looked at it and said, 'Let's be the leader. Jim Allen, chairman of Hard Rock and CEO of Seminole Gaming, said he's certain the investment will help the company retain workers and prevent turnover, even though it will have a big impact on the bottom line. In Florida, where the company is headquartered, some team members could get $16,000 more than the state's minimum wage, Hard Rock said. The increases are significant, more than 60% in some cases, with starting wages between $18 and $21 an hour for workers in 95 different jobs, including cooks, housekeepers, security public space, call center and front desk attendants. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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