Walmart Increases Minimum Wage for US Employees after Tax Code Changes

Walmart Increases Minimum Wage for US Employees after Tax Code Changes

Still, many small and independent retailers struggle to find workers even when they try to pay well and offer benefits. The firm also said it would give a one-time $1,000 bonus to more than 13,500 employees.

Additionally, Walmart will be providing a one-time bonus to hourly employees ranging from $200 to $1,000 depending on how long the they have been with the company and expanding its paid leave policy to provide 10 weeks of paid maternity leave and six weeks of paid parental leave. "It's our people who make the difference and we appreciate how they work hard to make every day easier for busy families", he said.

The pay increase will extend to hourly employees at Sam's Clubs, to the company's e-commerce division, logistics operations and Walmart's home office.

The timing of the store closure announcement hours after the wage hike drew some criticism.

An expanded parental and maternity leave policy, providing full-time hourly associates in the US with 10 weeks of paid maternity leave and six weeks of paid parental leave.

The wage increase announced Thursday by Wal-Mart benefits all hourly USA workers within its stores, Sam's Clubs, eCommerce, logistics and home office.

The positive effects of the tax bill with deep cuts in corporate tax rates and individual tax cuts have resulted in companies handing out end-of-year bonuses and increasing jobs and pay. "Companies were already raising wages even before the tax cut passed in response to a tight labor market, grassroots pressure from groups like the Fight for $15, and the rush of minimum wage hikes from California to NY". Prior to the 2017 increase, Target's last substantial wage increase occurred in 2016, when the company boosted starting rates to $10 an hour.

Ultra Game Boy from Hyperkin puts Nintendo on notice
While rumors of a "Game Boy Classic" have been around for a while, though, another company might beat Nintendo to the punch. The Ultra GB shares a similar design to the Game Boy Pocket, but it's built with an aluminum body and a front-lit screen.

Online retailers typically pay warehouse employees who pack and ship orders more than store jobs pay. Eighteen US states increased their minimum wage on Jan 1 but the federal minimum wage has been US$7.25 since 2009. Wal-Mart employs around 130,000 people in the two states out of a USA workforce of 1.5 million, according to the company's website. (How much workers will benefit overall is another issue.) But the tax overhaul can't hog all the credit.

Mnuchin responded saying some companies will invest capital while others will return money to workers. Around three-quarters of that comes from the United States, which suggests a tax savings of $2.1 billion.

For the first time, Walmart also promised to help with adoptions, offering full-time hourly and salaried workers $5,000 per child that can be used for expenses such as adoption agency fees, translation fees and legal or court costs.

The airline said on January 2 that it would give 130,000 employees a $1,000 bonus because of the new tax law.

"When you get low unemployment rates, that affects lower-wage workers the most", Gould said. Walmart also hit its strongest quarterly USA sales growth in almost a decade in its third quarter, according to the Wall Street Journal. Before, full-time hourly workers received 50 percent of their pay for leave.

Employees previously started at $9 an hour, with a bump up to $10 after completing a training program. Job postings at an Amazon warehouse in OH, for example, offer a starting pay of $14.50 an hour. Employees that have anywhere from two to four years of uninterrupted service with the company are eligible for a bonus of $250, while those who have worked for the company for five to nine consistent years are eligible for a $300 bonus.

Shares of the company ended up 0.35 percent at $100.02 on Thursday.

Related Articles