Costco announced it will increase pay for nonunion employees, according to a memo obtained by Reuters, meaning most of its hourly workers will get paid more than $30 an hour. The wholesale retailer will increase wages for eligible employees at the top of its pay scale by $1 to $30.

Costco just announced that all employees at its non-union stores will get a pay raise a day before employees at its 50 unionized stores are set to go on strike.

A day before Costco union members were due to go on a now-averted nationwide strike, the company announced pay raises for all non-union employees.

Costco also is adding vacation time for new employees during their first year and giving workers with 30 years of employment an additional week of time off, per a CNN report.

Costco will increase its pay for nonunion employees, meaning most of its hourly workers will get paid more than $30 an hour. Here's what to know.

Costco will increase pay for nonunion employees, most of whom will earn more than $30 an hour, according to a memo obtained by Reuters.