Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associat...
December 03 2020 - 9:15AM
Business Wire
Company also extends associate COVID emergency
leave policy to July 5, 2021
Walmart today announced more than $700 million in additional
cash bonuses to its U.S. based associates. The company’s latest
bonus announcement includes $319 million in quarterly bonuses paid
in associates’ Nov. 25 paychecks following strong third quarter
business performance and an estimated $388 million in special cash
bonuses to be paid Dec. 24 in recognition of associates’ sustained
commitment to customers during the pandemic. Full and part-time
associates are eligible for both bonuses.
“As we come to a close on this historic year, I’m filled with
gratitude for how our associates have led through one of the most
trying periods for our company and country,” said John Furner,
President and CEO – Walmart U.S. “Our associates have stepped up to
serve our customers, communities and each other when it was truly
needed most, and we’re pleased to recognize their efforts with a
quarterly bonus for strong store performance and a fourth special
cash bonus.”
Approximately 1.5 million full- and part-time Walmart and Sam’s
Club associates working in the company’s stores, clubs,
distribution centers and fulfillment centers will receive the
special cash bonus on Dec. 24. It will be Walmart’s fourth special
cash bonus paid to U.S.-based associates since the start of the
pandemic and will bring Walmart’s total 2020 quarterly and special
cash bonuses for its associates to more than $2.8 billion.
“This has been an extraordinary year and we’re so proud of how
our associates have continued to make a meaningful difference in
our communities,” said Kath McLay, President and CEO – Sam’s Club.
“Today’s bonus reflects our appreciation for our associates, who
show up to work each day to serve and provide relief for millions
of members across the country.”
All U.S.-based hourly associates are eligible for the latest
special cash bonus. The bonus amounts will be similar to the
previous three special cash bonuses Walmart has provided its
associates during the pandemic; part-time and temporary hourly
associates will receive $150 and full-time hourly associates will
receive $300. More than 60% of Walmart’s hourly associates are
full-time. Drivers, Coaches and Assistant Managers will also
receive a special cash bonus.
Extension of Walmart’s COVID-19 Leave Policy
Earlier this year, Walmart announced a first-of-its-kind
COVID-19 Emergency Leave policy for part-time and full-time
associates, which provides associates with up to two weeks of pay
should they need to stay home for COVID-related reasons, including
mandated quarantines, symptoms or illness. If they’re not able to
return to work after that time, additional pay replacement may be
provided for up to 26 weeks. Absences associated with an approved
COVID-19 leave will not be counted against associates. Given the
ongoing pandemic, the company is extending the leave policy through
July 5, 2021.
About Walmart
Walmart 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, over 265
million customers and members visit approximately 11,400 stores
under 55 banners in 26 countries and eCommerce websites. With
fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2
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
corporate.walmart.com, on Facebook at facebook.com/walmart and on
Twitter at twitter.com/walmart.
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Walmart Media Relations news.walmart.com/reporter Delia Garcia -
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