Eye on Retail: Walmart to give employees another cash bonus
Walmart Inc. is rewarding its employees with a second cash bonus — bringing its total bonus payouts to $935 million — as it continues to keep up with demand amid the COVID-19 crisis.
The retail giant said Tuesday that it will give a bonus in the amount of $300 for full-time hourly employees and $150 for part-time hourly and temporary employees. The total price tag for the bonuses will be $390 million.
Associates must be employed by the company as of June 5 to qualify for the bonus, which will pay out on June 25. Hourly associates in stores, clubs, supply chain and offices, drivers, and assistant managers in stores and clubs will be eligible.
“Walmart and Sam’s Club associates continue to do remarkable work, and it’s important we reward and appreciate them,” said John Furner, president and CEO of Walmart U.S. “All across the country, they’re providing Americans with the food, medicine and supplies they need, while going above and beyond the normal scope of their jobs – diligently sanitizing their facilities, making customers and members feel safe and welcome, and handling difficult situations with professionalism and grace.”
Including the new second bonus, Walmart has committed more than $935 million in bonuses for associates so far this year. It previously announced a cash bonus of up to $365 million for all U.S. hourly employees, with $300 for full-time hourly associates and $150 for part-time hourly associates. It also issued an early payout of its first-quarter bonus, which added up to $180 million.
This story originally appeared in our sister publication Chain Store Age.
The retail giant said Tuesday that it will give a bonus in the amount of $300 for full-time hourly employees and $150 for part-time hourly and temporary employees. The total price tag for the bonuses will be $390 million.
Associates must be employed by the company as of June 5 to qualify for the bonus, which will pay out on June 25. Hourly associates in stores, clubs, supply chain and offices, drivers, and assistant managers in stores and clubs will be eligible.
“Walmart and Sam’s Club associates continue to do remarkable work, and it’s important we reward and appreciate them,” said John Furner, president and CEO of Walmart U.S. “All across the country, they’re providing Americans with the food, medicine and supplies they need, while going above and beyond the normal scope of their jobs – diligently sanitizing their facilities, making customers and members feel safe and welcome, and handling difficult situations with professionalism and grace.”
Including the new second bonus, Walmart has committed more than $935 million in bonuses for associates so far this year. It previously announced a cash bonus of up to $365 million for all U.S. hourly employees, with $300 for full-time hourly associates and $150 for part-time hourly associates. It also issued an early payout of its first-quarter bonus, which added up to $180 million.
This story originally appeared in our sister publication Chain Store Age.