Sam’s Club is raising its hourly wages to $16 per hour for 100,000 workers starting in November. The move is part of a recently rolled-out compensation plan that will be implemented before the holiday shopping rush.

Sam’s Club said Tuesday it will raise pay to incentivize workers to stay with the company — and not jump ship to Costco.

Walmart announced that it will raise wages for its Sam's Club employees Tuesday, in an apparent attempt to keep up with Costco in a retail wage race.