Wal-Mart offering pay raises to its employees

Walmart has promised more than 1.2 million of its employees that they will receive a pay rise this year with the minimum hourly rate to increase to $10 an hour, compared to the federal minimum wage of $7.25. However, new entry-level Walmart employees hired in 2016 will still receive $9 an hour, which will increase to $10 once the workers complete an internal retail skills program.

As outlined by ValueWalk, last February, the retailer said as of the 1st of April, all of Wal-Mart’s full and part-time us employees would earn at least $9 an hour, which is $1.75 more than the prevailing federal minimum wage.

As a result of the pay increase taking effect next month, the average full-time hourly wage at Wal-Mart stores will be $13.38, up from $13. Lowe FS increased its position in Wal-Mart Stores by 0.6% in the third quarter. But the giant retailer said Wednesday that hourly workers employed in its stores as of December 31 would get at least a 2% pay bump.

The petition requests the community of Redwater/Maud to be heard by Wal-Mart, furthering addressing a couple of people in particular; Wal-Mart CEO, C. Douglas Macmillan and Greg Foran, President and CEO of Walmart U.S.

But now the company is paying catch up, and, in order to follow through on plans to clean up stores and cater to wealthier customers-a move already paying off with customers-it needs store employees that are happy and well trained. For part-time workers, the hourly wage will be $10.58, up from $10. Wal-Mart has said its investment in wages is depressing profits; labor costs were a main factor behind an earnings warning in October.

Wal-Mart said it will continue to invest in its future, with plans to open stores worldwide in the coming fiscal year, including 50 to 60 Supercenters, 85 to 95 Neighborhood Markets and seven to 10 Sam’s Clubs in the U.S.in fiscal 2017. When we do so, there is no limit to what our associates can accomplish”, said Judith McKenna, COO for Walmart U.S. “Our customers and associates are noticing a difference. Anyone earning below the new minimum will automatically move up to the new minimum. Employees capped out in their pay level will get a lump-sum bonus equal to 2 percent of their annual pay.

Workers will no longer lose the days they don’t take.

Wal-Mart launched the Express format stores as a pilot in 2011.

In total, the impacted stores represent less than 1 percent of both global square footage and sales. The company is also offering an enhanced plan, which it says costs less than the prior voluntary plan while providing more coverage.

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