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WMT Walmart Inc

60.16
-0.05 (-0.08%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Walmart Inc NYSE:WMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.08% 60.16 60.39 60.00 60.15 11,045,224 00:10:16

Walmart hourly associates in Alabama earn more than $4.8 million in cash bonuses

21/09/2016 1:00pm

Business Wire


Walmart (NYSE:WMT)
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As part of Walmart’s continued focus on improving and enhancing the store experience for associates and customers, the company recently awarded more than $4.8 million in second quarter cash bonuses to 24,200 hourly associates in Alabama. The bonuses, which were based on stores’ performances from May through July of this year, are part of an overall incentive plan designed to reward associates whose stores have met their performance and customer service goals. Eligible associates can earn these bonuses four times a year.

“Our Associates in Alabama strive every day to make sure each and every customer feels good about their experience in our stores,” said John Tow, Walmart’s Regional General Manager for Alabama. “I’m very proud of our team-- they worked hard to achieve their stores’ performance metrics for the second quarter and deserve this reward. They are making a difference for our company one sale at a time.”

Walmart’s Investment in our Associates

  • In 2015, Walmart announced a two-year, $2.7 billion investment in our associates. The commitment includes investments in education, training and higher wages. As a result, more than 1.2 million Walmart U.S. and Sam’s Club associates received pay increases on the same day earlier this year. The second quarter bonuses are not part of the $2.7 billion.
  • Associate training is a key component of Walmart’s associate investment strategy. This year Walmart announced plans to open 200 Academies across the U.S. designed to teach advanced retail skills to department managers and hourly supervisors. More than 140,000 associates are expected to go through the training program each year.
  • Walmart is investing in training at all levels of its stores. In February the company rolled out its Pathways training program for all entry-level workers, providing training, education and opportunities for associates, offering them a clearer career path from entry level positions to jobs with more responsibility and higher pay.

About Walmart

Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, we serve nearly 260 million customers who visit our 11,504 stores under 65 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2015 revenue of $486 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.

Wal-Mart Stores, Inc.Phillip Keene, 800-331-0085

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