Starting November 1, many Amazon employees across the country will be getting raises.

The online retail giant announced today that it will increase its minimum wage for all full-time, part-time, temporary, and seasonal U.S. employees to $15 per hour.

The move will affect more than 250,000 current employees and more than 100,000 soon-to-be-hired seasonal employees, according to Amazon.

“We listened to our critics, thought hard about what we wanted to do, and decided we want to lead,” said Amazon Founder and CEO Jeff Bezos. “We’re excited about this change and encourage our competitors and other large employers to join us.”

The company also reported it will advocate for an increase in the federal minimum wage, which has remained at $7.25 per hour since 2009. Amazon officials did not say what they believed the federal minimum wage should be increased to, but said the current rate was “too low.”

“We intend to advocate for a minimum wage increase that will have a profound impact on the lives of tens of millions of people and families across this country,” said Jay Carney, senior vice president of Amazon Global Corporate Affairs.

Amazon currently employs more than 575,000 people worldwide. Its workers already receive comprehensive healthcare coverage, life and disability insurance, paid parental leave, and other benefits, according to the company.