1.2 million Walmart employees to get pay raises

1.2 million Walmart employees to get pay raises

JONESBORO, AR (KAIT) - More than a million Walmart and Sam's Club employees will get a raise next month.

Walmart announced Wednesday that 1.2 million associates will receive a pay increase under the second phase of the company's two-year, $2.7 billion investment.

Among the changes taking effect on Feb. 20, according to a news release from the company, will include:

  • All associates hired before Jan. 1, 2016 will earn at least $10/hour.
  • New entry-level associates will continue to start at $9/hour and move to at least $10/hour after successfully completing the company’s company’s new retail skills and training program known as Pathways.
  • Associates already earning more than $10/hour will receive an annual pay increase in February rather than waiting until their anniversary date.
  • Walmart is raising the starting rate of its non-entry level hourly pay bands. Anyone earning below the new minimum will automatically move up to the new minimum.
  • Associates at or above their pay band maximum will receive a one-time lump sum payment equal to 2 percent of their annual pay.
  • When these changes go into effect, Walmart’s average full-time hourly wage will be$13.38/hour. The average part-time hourly wage will be $10.58/hour.

The pay raise, according to Walmart, will be one of the largest single-day, private-sector pay increases ever.

To read other benefits the company plans to provide for its employees, click here.

Copyright 2016 KAIT. All rights reserved.

Region 8 News App - Install or update on your: iPhone | Android