Today, more than 890,000 Walmart U.S. associates are receiving a share of more than $560 million total cash bonuses, including: more than $160 million in cash bonuses based on their stores’ Q4 performance, and more than $400 million in one-time cash bonuses tied to recent changes in tax law.
In Alabama. Walmart associates are receiving approximately $12.9 million in combined bonuses.
Walmart officials say the bonuses, along with an annual pay raise for hourly field associates, will be included in their March 8 paycheck. Between Q4 performance bonuses, tenure-based bonuses, pay increases and recent paid time off (PTO) cash outs, more than $1 billion flowed to U.S. hourly associates during the months of February and March.
They say in January, Walmart announced plans to increase the starting wage for all hourly associates in the U.S. to at least $11, expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible associates of up to $1,000. A new adoption assistance benefit of $5,000 per child – announced in conjunction with the other changes – went into effect on February 1.
Officials say Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. Hourly associates in Alabama earned more than $3.2 million following Q4 comp sales of 2.6 percent in Walmart U.S.
Walmart also recently cashed out to associates more than $300 million in unused paid time off (PTO).
“Our quarterly bonus program is a way for us to reward the hard work and dedication demonstrated by our associates across the state,” said Annemarie Browning, Regional General Manager for central and northern Alabama. “We are extremely proud to award more than $12 million in bonuses to our Alabama associates.”
All content © 2018, WALA; Mobile, AL. (A Meredith Corporation Station). All Rights Reserved.