Walmart to raise wages and give bonuses, citing GOP tax cuts

Source: Washington Examiner | January 11, 2018 | Caitlin Yilek

Walmart announced Thursday it plans to raise starting wages and give a one-time bonus to employees, citing the tax reform bill passed by Republicans and signed into law by President Trump last month.

The starting wage rate will be bumped to $11 an hour and eligible employees will receive a cash bonus of up to $1,000, the retail giant said.

The increase in wages will take effect Feb. 17. The bonuses are based on length of service, with employees of at least 20 years qualifying for $1,000.

Walmart also said it will expand maternity and parental leave benefits, as well as create a new benefit to assist employees with adoption expenses.

Full-time hourly associates will qualify for 10 weeks of paid maternity leave and six weeks of paid parental leave.


Tagged: ,

You must be logged in to reply to this topic.