Walmart Raising Starting Wages and Granting Bonuses
Say what you want about Walmart but rollback shopping chain is giving employees ANOTHER raise. This is one of the largest companies in America and the only ones constantly giving out raises. Walmart employees have seen wages jump $1 for the last few years and now you can expect to make $11 dollars an hour including bonuses for some employees.
"Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S." - CEO Doug McMillon
I'm a Walmart shopper for life and visit a few times a week. Walmart has taken criticism in the past for how much they pay employees and benefits. That's all changed over the past few years and consistent pay raises will definitely make opportunities more attractive. Did I mention this is going to cost the big-box retailer over $400 million dollars?!?! Here's why:
- Hourly starting wages go from $9 to $11 dollars an hour.
- Cash bonuses up to $1000 eligible employees depending on how long you've worked there. Less than 2 years will get $200 up to $1000 for 20 years.
- Expansions of maternity leave to 10 weeks for full-time employees and 6 weeks of parental leave.
- New benefit up to $5000 to help employees for adoption.
Walmart has roughly 1 million hourly employees and they expect to raise wages to $15 hr by 2020. You do the math on that! Walmart wage increases take effect as early as February paying employees $4 dollars more than the federal minimum wage.
Walmart has 11 stores and growing in the Treasure Valley.
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