On Monday, Starbucks made an announcement that it will be implementing a wage increase of at least 3% for its workers starting next year, as part of an expanded benefits package that the company proudly describes as going “well beyond the industry average.”

The renowned coffee company specified, “Effective January 1, eligible U.S. retail hourly partners will see an incremental pay increase come to life, with at least a 3% increase and differentiated pay for eligible tenured partners.”

Starbucks further disclosed that eligible employees with 2-5 years of service will receive a minimum of a 4% salary boost, while those with five or more years of service will be granted at least 5%.

A spokesperson from Starbucks informed FOX Business that there will be no adjustments to menu prices to offset these wage increases, Fox Business reported.

“Starting with competitive pay — Starbucks provides U.S. hourly retail partners an average wage of nearly $17.50 per hour, a barista wage range between $15 and $24 per hour and a total compensation, with benefits, of approximately $27 per hour,” Starbucks said in a press release. 

Written by B.C. Begley