Walmart Hourly Associates Earn More Than $200 million in Cash Bonuses
September 21 2016 - 8:00AM
Business Wire
As part of Walmart’s continued focus on improving and enhancing
the store experience for customers, the company recently awarded
more than $200 million in second quarter cash bonuses to more than
900,000 hourly associates across the United States.
The bonuses, which were based on stores’ performances from May
through July of this year, are part of an overall incentive plan
designed to reward associates whose stores have met their
performance and customer service goals. Eligible associates can
earn these bonuses four times a year.
“Whether it’s buying something for their kids, treating
themselves or saving for something great, bonus time at Walmart is
always a special time for our associates,” said Mike Moore,
executive vice president of Supercenters for Walmart U.S.
“Our people have always been the most important part of our
business and they continue to do amazing things for our customers,”
said Julie Murphy, executive vice president of Neighborhood Markets
for Walmart U.S. “Sam Walton built this business on the idea of
sharing profits with our associates and treating them as
partners.”
Walmart’s Investment in our
Associates
- In 2015, Walmart announced a two-year,
$2.7 billion investment in our associates. The commitment includes
investments in education, training and higher wages. As a
result, more than 1.2 million Walmart U.S. and Sam’s Club
associates received pay increases on the same day earlier this
year. The second quarter bonuses are not part of the $2.7
billion.
- Associate training is a key component
of Walmart’s associate investment strategy. This year Walmart
announced plans to open 200 Academies across the U.S.
designed to teach advanced retail skills to department managers and
hourly supervisors. More than 140,000 associates are expected to go
through the training program each year.
- Walmart is investing in training at all
levels of its stores. In February the company rolled out its
Pathways training program for all entry-level workers,
providing training, education and opportunities for associates,
offering them a clearer career path from entry level positions to
jobs with more responsibility and higher pay.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world
save money and live better – anytime and anywhere – in retail
stores, online, and through their mobile devices. Each week, we
serve nearly 260 million customers who visit our 11,504 stores
under 65 banners in 28 countries and e-commerce websites in 11
countries. With fiscal year 2015 revenue of $486 billion, Walmart
employs more than 2 million associates worldwide. Walmart continues
to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be
found by visiting http://corporate.walmart.com on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart. Online merchandise sales are available
at http://www.walmart.com and http://www.samsclub.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160921005283/en/
Wal-Mart Stores, Inc.Kory Lundberg,
800-331-0085news.walmart.com/reporter
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