Walgreens Offers Pharmacists Signing Bonuses of Up to $75,000

Walgreens Offers Pharmacists Signing Bonuses of Up to $75,000

Walgreens (NASDAQ: WBA) will be offering new pharmacists sign-on bonuses as high as USD75,000 as a means of aiding the current staffing shortage it is experiencing. The bonus requires the pharmacists to remain with the company for a period of time, usually a year or more, according to a person familiar with the matter.

A source says that the typical pharmacy signing bonus at Walgreens had previously been lower than USD50,000. However, the company stated that it is now relying on bonuses to help attract staff and fill the current employee gap. 

“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,” Walgreens said in a statement.

The pharmacy store chain stated that sign-on-bonuses can vary and are an investment focused on recruitment, retention, and “recognizing our current pharmacy staff for their hard work and dedication.”

Similarly, other pharmacies throughout the US have battled staffing shortages following the pandemic. The distress began amid the increased workload of Covid-19 testing, Covid vaccines and booster shots as well as pharmacists’ typical duties of filling prescriptions. According to Insider, pharmacists were feeling overworked.

“You could either focus on filling people’s prescriptions or you can focus on doing vaccines, but there was literally no way that you could do both,” a former CVS pharmacist told Insider at the time.

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