Starbucks will provide a modest 2% hike to all salaried employees in North America this year, the company told Reuters on Monday, as the coffee chain tries to keep a tight lid on costs as part of CEO Brian Niccol's turnaround efforts.

Starbucks Corporation ( NASDAQ: SBUX) plans to dole out a 2% raise to all salaried employees in North America this year, according to Bloomberg. The raise applies to all corporate staff, as well as to workers in manufacturing and distribution. Salaried retail leadership, such as store managers, will also receive the 2% raise.