Get All Access for $5/mo

Walgreens Is Reportedly Offering Pharmacists $75,000 Sign On Bonuses The company has previously said it is experiencing a pharmacist shortage.

By Gabrielle Bienasz

Opinions expressed by Entrepreneur contributors are their own.

Walgreens has said it is seeing a pharmacist shortage — and the company is reportedly willing to pay, CNN reported Thursday.

A "person familiar with the matter" told CNN that signing bonuses at Walgreens can be various amounts but that they can go as high as $75,000.

The Wall Street Journal first reported the news of the sky-high signing bonuses.

Pharmacists made a median salary of $128,570 in 2021, according to the Bureau of Labor Statistics. The industry at large, particularly lower-paid pharmacy technicians, however, is struggling with a staffing problem, NBC News reported in December.

Walgreens also previously said it was having a hard time maintaining an adequate employee count.

"There are some instances in which we've had to adjust to reduce pharmacy operating hours, as we work to balance staffing and resources in the market to best meet customer demand," the company told Fox 10 Phoenix.

The source added to CNN that the bonuses usually require people to stay in their roles, often a year or more. Walgreens recently faced controversy online after some pharmacists reportedly refused to fill prescriptions for things like birth control, USA Today reported.

Walgreens Boots Alliance, which owns Walgreens retail stores, told Entrepreneur in an email that its signing bonuses vary and are "part of a larger investment focused on recruitment and retention."

"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," the company added.

Gabrielle Bienasz is a staff writer at Entrepreneur. She previously worked at Insider and Inc. Magazine. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Business News

The Most Downloaded News App in the U.S. May Have Published Dozens of Fake, AI-Written Stories

The stories were fake but had real-world consequences for the app's 50 million monthly users.

Money & Finance

How to Secure Unbiased Financial Advice — A Guide for Busy Entrepreneurs

The article highlights that business success requires hard work and execution, but true financial success needs unbiased advice. Traditional wealth-management models often have conflicts of interest.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Growing a Business

Stand Out From the Competition by Learning a New Language with Babbel, now $150

Expand your reach, navigate international markets, and thrive in a globalized economy.