As part of Walmart’s continued focus on improving and enhancing the store experience for associates and customers, the company recently awarded $24.5 million in second quarter cash bonuses to 103,500 hourly associates in Texas.
The bonuses, which were based on stores’ performances from May through July of this year, are part of an overall incentive plan designed to reward associates whose stores have met their performance and customer service goals.
Eligible associates can earn these bonuses four times a year.
More than 932,000 hourly associates received a second quarter bonus, up from 880,000 associates in the second quarter of fiscal 2016 and 687,000 associates in fiscal 2015.
“There were a lot of smiles around our Walmart on September 8,” said Greg Harden, Walmart Store Manager. “Walmart is a place of opportunity. We knew our performance and customer service goals, and it was up to the Associates in my store to take advantage of this opportunity. We did it and being recognized for our accomplishment means a lot to our whole team, and to our families.”
Walmart’s Investment in our Associates
• In 2015, Walmart announced a two-year, $2.7 billion investment in our associates. The commitment includes investments in education, training and higher wages. As a result, more than 1.2 million Walmart U.S. and Sam’s Club associates received pay increases on the same day earlier this year.
• Associate training is a key component of Walmart’s associate investment strategy. This year Walmart announced plans to open 200 Academies across the U.S. designed to teach advanced retail skills to department managers and hourly supervisors. More than 140,000 associates are expected to go through the training program each year.
• Walmart is investing in training at all levels of its stores. In February the company rolled out its Pathways training program for all entry-level workers, providing training, education and opportunities for associates, offering them a clearer career path from entry level positions to jobs with more responsibility and higher pay.
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. Each week, we serve nearly 260 million customers who visit our 11,504 stores under 65 banners in 28 countries and e-commerce websites in 11 countries.
With fiscal year 2015 revenue of $486 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.