COMP NEWS – Walmart is giving its store employees a new bonus of up to $1,000 per year.

• Walmart’s full- and part-time hourly store employees will be eligible for bonuses up to $1,000 per year, two executives announced via Walmart’s company website on Wednesday.
• The new bonus scales with years of service, Walmart said, and employees have the chance to earn more the longer they stay with the company.
• The retailer also touted its learning and development benefits, including a new pilot program that will train 100 store and supply chain associates in the Dallas-Fort Worth area of Texas for technician jobs in areas such as refrigeration, heating, ventilation and air conditioning.

Previously, Walmart had phased out a quarterly bonus in exchange for a higher base pay rate.

Walmart’s announcement marks a reversal of sorts, given that the company phased out its quarterly bonus structure for store associates in 2021 in favor of boosting hourly base pay. In 2023, the company again raised starting wages to a minimum of $14 per hour from the previous $12 per hour, but later walked back the increases that same year; Walmart previously told Retail Dive that it kept existing wages in place at the time it ended the higher starting pay policy.

 

Earlier this year, Walmart announced changes to compensation for store managers. It projected an increase in average store manager salary from $117,000 to $128,000 per year while also redesigning its bonus structure for managers, stating that hitting all targets could net managers bonuses as high as 200% of their base salaries.

To read more about Walmart’s new bonuses, click here.

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