Recently, Walmart announced plans to increase the starting wage rate for all hourly associates in the U.S. to $11, expand maternity and parental leave benefits and provide a one-time cash bonus for eligible associates of up to $1,000. The company is also creating a new benefit to assist associates with adoption expenses. The combined wage and benefit changes will benefit the company’s more than one million U.S. hourly associates, including more than 34,700 Walmart associates in Pennsylvania.
“We are building on investments we’ve been making in associates, in their wages and skills development,” said Doug McMillon, Walmart president and CEO. “It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”
Associates will continue to hear more from their managers in the coming days about details. But, broadly, associates in the U.S. are receiving the following benefits:
“Every day, more than 53,000 Walmart associates call the Commonwealth home and choose to raise their families and build their lives here,” said PA Chamber of Business and Industry President and CEO Gene Barr. “The company’s investment of expected tax reform dollars in the form of pay increases and expanded parental leave benefits for these workers is proof that the Tax Cuts & Jobs Act is positively impacting the lives of Pennsylvanians. This financial commitment shows that everyone does better when the free market – not government mandates – are dictating important matters like employee wages, and we are glad to see it.”
Wal-Mart Stores, 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. The company’s legal name will become Walmart Inc., effective on Feb. 1, 2018, to reflect its growing status as an omni-channel retailer. 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. With fiscal year 2017 revenue of $485.9 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180123005573/en/