Walmart, Citing Tax Cuts, Will Raise Starting Wages and Expand Benefits
- 6 years ago
Walmart, Citing Tax Cuts, Will Raise Starting Wages and Expand Benefits
Walmart, the nation’s largest private employer, said on Thursday
that it would raise its starting wages, give bonuses to some employees and vastly expand maternity- and parental-leave benefits for its army of more than one million hourly workers.
Walmart said it would increase its starting hourly wage to $11 from $9,
and provide one-time cash bonuses of up $1,000 to hourly workers, depending on how long they had been with the company.
Enhancing the pay and benefits of its employees is a significant move for a company
that has long been criticized for its low wages, unpredictable scheduling of workers and high health care costs.
The retailer said it would use some of the money it expects to save under the recently passed tax bill to pay for the raises and enhanced benefits.
Walmart, the nation’s largest private employer, said on Thursday
that it would raise its starting wages, give bonuses to some employees and vastly expand maternity- and parental-leave benefits for its army of more than one million hourly workers.
Walmart said it would increase its starting hourly wage to $11 from $9,
and provide one-time cash bonuses of up $1,000 to hourly workers, depending on how long they had been with the company.
Enhancing the pay and benefits of its employees is a significant move for a company
that has long been criticized for its low wages, unpredictable scheduling of workers and high health care costs.
The retailer said it would use some of the money it expects to save under the recently passed tax bill to pay for the raises and enhanced benefits.