📺 Stream EntrepreneurTV for Free 📺

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

By Gabrielle Bienasz

entrepreneur daily

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.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Business News

Samsung's New Ad Pokes Fun at Apple's Controversial 'Crush' Ad

Creative universes overlap in a new ad from Samsung.

Starting a Business

This Couple Turned Their Startup Into a $150 Million Food Delivery Company. Here's What They Did Early On to Make It Happen.

Selling only online to your customers has many perks. But the founders of Little Spoon want you to know four things if you want to see accelerated growth.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.