Walmart to Raise Wages, Provide One-Time Bonus and Expand Hourly Maternity and Parental Leave for Associates in Texas
January 23 2018 - 6:00AM
Business Wire
The retailer is investing $166.5 million in
combined wage and benefit changes for associates in Texas
Recently, Walmart announced plans to increase the starting wage
rate for all hourly associates in the U.S. to $11, expand maternity
and parental leave benefits and provide a one-time cash bonus for
eligible associates of up to $1,000. The company is also creating a
new benefit to assist associates with adoption expenses. The
combined wage and benefit changes will benefit the company’s more
than one million U.S. hourly associates, including approximately
102,840 Walmart associates in Texas.
“We are building on investments we’ve been making in associates,
in their wages and skills development,” said Doug McMillon, Walmart
president and CEO. “It’s our people who make the difference and we
appreciate how they work hard to make every day easier for busy
families.”
Associates will hear more from their managers in the coming days
about details. But, broadly, associates in Texas are receiving the
following benefits:
- A one-time bonus benefiting all
eligible full and part-time hourly associates in the U.S. The
amount of the bonus will be based on length of service, with
associates with at least 20 years qualifying for $1,000. In
Texas, approximately 102,840 Walmart and Sam’s Club associates are
expected to be eligible for the one-time cash bonus, which is
estimated to total $41,278,950.
- An increase in Walmart’s starting wage
rate to $11 an hour, effective in the Feb. 17, 2018, pay cycle. The
change is in addition to wage increases already planned for many
U.S. markets in the coming fiscal year. The increase applies to all
hourly associates in the U.S., including stores, Sam’s Clubs,
eCommerce, logistics and Home Office. More than 78,500 Walmart and
Sam’s Club associates in Texas are expected to receive a wage
increase, which is estimated to total more than $125,188,700.
Walmart’s new average hourly wage for full-time associates in
Texas will be $13.81.
- An expanded parental and maternity
leave policy, providing full-time hourly associates in the U.S.
with ten weeks of paid maternity leave and six weeks of paid
parental leave. Salaried associates will also receive six weeks
of paid parental leave.
- Walmart will provide financial
assistance to associates adopting a child. The adoption benefit,
available to both full-time hourly and salaried associates, will
total $5,000 per child and may be used for expenses such as
adoption agency fees, translation fees and legal or court
costs.
"The most important thing any employer can do is invest in its
people,” said George Kelemen, president and CEO of the Texas
Retailers Association. "I applaud Walmart's decision to use its
expected tax savings to boost pay and expand benefits for its Texas
employees."
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. The company’s
legal name will become Walmart Inc., effective on Feb. 1, 2018, to
reflect its growing status as an omni-channel retailer. Each week,
over 260 million customers and members visit our more than 11,600
stores under nearly 60 banners in 28 countries and eCommerce
websites. With fiscal year 2017 revenue of $485.9 billion, Walmart
employs approximately 2.3 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180123005586/en/
Wal-Mart Stores, Inc.Anne Hatfieldanne.hatfield@walmart.com
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