Stories
Slash Boxes
Comments

SoylentNews is people

posted by Fnord666 on Thursday January 11 2018, @10:11PM   Printer-friendly
from the what's-the-catch dept.

Walmart is boosting minimum pay across all of its stores and handing out bonuses. The CEO says that it's thanks to tax reform:

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The increase takes effect next month and will cost $300 million on top of wage hikes that were already planned, the world's largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.

"Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.," Chief Executive Officer Doug McMillon said in the statement.

The move comes three years after Wal-Mart last announced it was raising wages, spending $1 billion in 2015 to lift starting hourly pay to $9 and then to $10 for most workers the following year. The increase cut into profit and was criticized by some longer-tenured employees as unfair to them. Since then, many states have enacted minimum wage laws, meaning that a "sizable group" of its 4,700 U.S. stores already pay $11 an hour, according to spokesman Kory Lundberg.

Walmart is expanding a "Scan & Go" program from 50 to 150 stores. "Scan & Go" would allow customers to use a smartphone app to scan items and then walk out of the store with them. Kroger is experimenting with a similar "Scan, Bag, Go" program. These are seen as a response to Amazon, which has been trialing delivery of fresh foods and same-day deliveries. Amazon revealed an "Amazon Go" concept brick-and-mortar store in 2016, with no cashiers in sight.

Maybe Walmart's big plan is to give better pay to a dwindling amount of employees.

CEO letter to employees. Also at CNBC and USA Today.

Related: Walmart Wants to Deliver Groceries Directly Into Your Fridge
Walmart to Deploy Shelf-Scanning Robots at 50 Stores
Walmart is Raising Prices Online to Increase in-Store Traffic


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by All Your Lawn Are Belong To Us on Friday January 12 2018, @06:16PM

    by All Your Lawn Are Belong To Us (6553) on Friday January 12 2018, @06:16PM (#621472) Journal

    Correct. I wasn't trying to imply that if social programs are cut that there wouldn't be an increase in crime, nor was I advocating that they should be cut. Only that, if they are cut, people would still be acting as greeters at Walmart until they have a health problem something similar that the social programs would have addressed. And then there would be someone right behind them to take the job until they can't do it any more. Therefore Walmart has no vested interest in whether social programs exist... until their attention is invited to it by legal measures if so.

    --
    This sig for rent.
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2