Economy

Walmart US Associates To Receive Cash Bonuses

Walmart US Associates To Receive Cash Bonuses

Hourly associates in SC earned more than $2.7 million, following fourth quarter sales of 2.6% in the U.S. For the full fiscal year, U.S. associates shared more than $625 million in performance-based bonuses, including more than $20 million shared by SC associates.

The bonuses, along with an annual pay raise for hourly field employees, are in Thursday paychecks.

Associates received a one time cash bonus worth up to $1,000. Locally, there are Wal-Mart stores at 1300 Route 22 in Phillipsburg; 3722 Easton-Nazareth Highway in Lower Nazareth Township; 3926 Linden Street in Bethlehem Township; and 2601 MacArthur Road in Whitehall Township.

"Our associates have been hard at work taking care of our customers across Missouri and Kansas, and we appreciate their efforts and salute their performance", Terry Nannie, Walmart Regional General Manager in Missouri, said in a release. That move was announced in January, along with a bump in starting pay for workers to $11 an hour.

The wage hike for Wal-Mart also followed Target's move in late 2017 to raise its minimum hourly wage to $11, with plans to pay out $15 by 2020.

Walmart US Associates To Receive Cash Bonuses
Walmart US Associates To Receive Cash Bonuses

Walmart associates earn quarterly bonuses as part of an overall incentive plan to reward employees whose stores meet sales and customer service goals.

Between Q4 performance bonuses, tenure-based bonuses, pay raises and recent PTO cashouts, more than $1 billion went out to USA hourly associates during February and March, according to Walmart. They are also providing an adoption assistance benefit of $5,000 per child as of February 1.

For the full fiscal year, Walmart's USA associates garnered more than $625 million in performance-based bonuses. "Hourly associates in West Virginia earned more than $1.6 million, following 2017 fourth quarter comp sales of 2.6 percent in Walmart".

Last year, the retailer collected $579 million in sales taxes in Louisiana, and paid $97 million in other taxes.

When Congress passed the GOP tax plan at the end of a year ago, many major companies announced they would offer bonuses and savings to employees and customers.

More news: The Texas Primaries: 6 Takeaways To Kick Off The 2018 Election Cycle


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