It has just been reported that Universal Orlando plans on increasing the starting pay for several of its jobs starting next year. Today, September 26, Universal Orlando announced they want to give more to their employees and plan to increase the starting pay to $13 an hour for many of its jobs.
Universal Orlando president, Bill Davis, stated in a note to the employees that this increase in pay will take effect early next year, 2020.
“We will increase many of our starting wages for jobs up to and including entry-level leadership roles with the minimum starting base rate of $13 per hour or more,” Davis wrote.
Last February, Universal had raised its minimum pay for all of their employees to $12 an hour.
This announcement has come over a month after Universal had shared the new details about its new upcoming Epic Universe theme park. With the new park will come 14,000 new jobs with a starting salary of $15 an hour. This raise to $13 per hour is the first step towards that eventual rate once the new park opens.
Universal’s theme park had also announced a few months ago that the revenue increased 7.5 percent in the second quarter of 2019 to $1.5 billion. The reasoning behind this is due to higher attendance, due in part to the “timing of spring holidays” and increased visitor spending.
Universal is always trying to adjust their rates to stay competitive in today’s market. Their biggest competitor, The Walt Disney Company, had reached a deal last year with their workers union to raise the starting pay to at least $15 an hour by the year 2021.
If you are in the Florida area this fall season, be sure to stop by Universal Orlando for one of their most popular events of the year. Halloween Horror Nights 2019 is packed full of must-see entertainment, delicious spooky treats, and a lot of high energy. We suggest you contact Academy Travel for tickets and all of your vacation planning needs.
What do you think of Universal Orlando’s pay increase announcement?