Walmart offers bonuses to store workers before the holidays

A Walmart package is unloaded from a trailer to be sorted into a FedEx ground hub in Hagerstown, Maryland.

Andrew Harrer | Bloomberg | Getty Images

Walmart gives weekly bonuses to warehouse workers, as the retail giant competes in a tight labor market and grows for the holiday season, the company told CNBC.

The discount offers an additional payment, based on the location of the structure and the role and shift of the worker. For some full-time workers, that will add up to $ 200 more per week and could be more if they work overtime, according to Walmart spokesman Scott Pope. This extra pay began this month and will continue throughout the fiscal year at most distribution and production centers, he said.

Bonuses have been reported before In the Wall Street Journal.

Walmart is the largest private employer in the country with 1.6 million employees. It’s part of a growing number of retailers and restaurants that have increased pay, have been dangling new benefits and have changed recruitment and retention strategies in recent weeks. Many companies have talked about their struggles to find jobs, amid a reopening economy. They attributed the shortage of work to a wide range of factors, including concerns about Covid-19, a lack of childcare and additional unemployment payments.

For Walmart, the added pay is also set to advance ahead of the rush of the holiday shopping season – and make sure shelves and stores are stocked, the Pope said.

Walmart faces comparative sales challenges year after year after strong sales during the pandemic. In addition, with the rise of the delta variant and the evolution of consumer habits, more buyers may want to ship packages to their doors or return them to the parking lot.

Walmart shares are down less than 1% so far this year. In trading at the beginning of Friday, shares have risen less than 1%.

CVS Health said earlier this week that it will increase pay for workers and drop education requirements, such as having a high school diploma or a GED requirement to qualify for most senior roles. level. He said he was raising his minimum wage from $ 11 to $ 15 an hour by July 2022.

Target also launched a new benefit this week: A debt-free college education for full-time or part-time employees, which will begin in the fall. The company will also help fund graduate diplomas. Walmart, which already has a similar educational benefit, recently said it will drop a $ 1 fee a day and pay 100% for schools and textbooks.

Target also recently announced a $ 200 bonus for all of its approximately 340,000 hourly employees, who will be paid this month. The company said the investments totaled $ 75 million.

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