Walmart Associates in Florida To Receive Approximately $42.7 Million in Cash Bonuses
March 08 2018 - 9:00AM
Business Wire
Florida bonuses are portion of more than $560
million earned nationwide in Q4 performance-based bonuses and
tenure-based one-time cash bonuses
Today, more than 890,000 Walmart U.S. associates are receiving a
share of more than $560 million total cash bonuses, including:
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Walmart Associates in Florida To Receive
Approximately $42.7 Million in Cash Bonuses (Graphic: Business
Wire)
- More than $160 million in cash bonuses
based on their stores’ Q4 performance, and
- More than $400 million in one-time cash
bonuses tied to recent changes in tax law.
- In Florida, Walmart associates are
receiving approximately $42.7 million in combined bonuses.
The bonuses, along with an annual pay raise for our hourly field
associates, are included in their March 8 paycheck. Between Q4
performance bonuses, tenure-based bonuses, pay increases and recent
paid time off (PTO) cash outs, more than $1 billion flowed to U.S.
hourly associates during the months of February and March.
In January, Walmart announced plans to increase the starting
wage for all hourly associates in the U.S. to at least $11, expand
maternity and parental leave benefits, and provide a one-time cash
bonus for eligible associates of up to $1,000. A new adoption
assistance benefit of $5,000 per child – announced in conjunction
with the other changes – went into effect on February 1.
Walmart associates earn quarterly bonuses as part of an overall
incentive plan designed to reward associates whose stores achieve
sales and customer service goals. Hourly associates in Florida
earned more than $15.7 million, following Q4 comp sales of 2.6
percent in Walmart U.S.
- For the full fiscal year, U.S.
associates shared more than $625 million in performance-based
bonuses, including more than $85.5 million shared by Florida
associates.
- Walmart also recently cashed out to
associates more than $300 million in unused paid time off
(PTO).
“As a company, we want to be ‘people-led and tech-empowered,’
competing with technology, but winning with people,” said Elise
Vasquez-Warner, a vice president and regional general manager for
Walmart in Florida. “That couldn’t ring truer here in Florida as we
recognize the work of our associates and their continued commitment
to making every day easier for busy families. We’re proud of the
work they do and the critical role they play in the company’s
success.”
“Walmart is re-inventing the shopping experience for Floridians
while continuing as a leader in the retail industry in
associate wages and opportunity,” said R. Scott Shalley,
President/CEO Florida Retail Federation. “Thousands of families
across the state of Florida will benefit from the recent increase
in wages, bonuses and expanded leave benefits. We applaud Walmart
for this continued investment in our communities.”
Walmart in Florida
Walmart’s recent pay raises are just one part of the company’s
local investment and impact. In Florida, the company:
- Operates 377 retail units.
- Spent $5.7 billion with local
suppliers, supporting 89,773 supplier jobs in 2017.*
- Paid more than $145 million in taxes
and collected more than $937 million in sales taxes in 2017.
*Information supplied by Dunn & Bradstreet
About Walmart in Florida
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 260
million customers and members visit our more than 11,600 stores
under nearly 60 banners in 28 countries and eCommerce websites. In
Florida, we serve customers at 377 retail units and online through
Walmart Grocery Pickup, Walmart.com and Jet.com. We are proud to
employ 108,467 associates in Florida. Walmart supports local
businesses, spending $5.7 billion with Florida suppliers in FY17,
which supported 89,773 supplier jobs. Learn more at the Walmart
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Walmart Inc.Christina Morton, APR, 407-608-5905 (o)407-212-2658
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