Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

12 January, 2018, 00:20 | Author: Elaine Woods
  • Customers shop at a Walmart store in January 2017 in Skokie Illinois

Walmart plans to start paying its one million United States workers at least $11 an hour and give them a one-off cash bonus.

Since Wal-Mart's initial increase starting in 2015, many states have enacted minimum-wage laws, meaning that a "sizable group" of its 4,700 US stores already pay $11 an hour, according to spokesman Kory Lundberg.

The one-time bonus between $200 and $1,000 will be given to Walmart employees who won't receive a pay raise. Walmart didn't explain exactly how the sliding scale will work, but said the total value of the bonuses will be $400 million.

Walmart will also offer other nonpecuniary forms of compensation such as expanding its parental and maternity leave policy.

"We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders", said Doug McMillon, Walmart chief executive.

The pay increase, Wal-Mart's third minimum wage increase since 2015, and bonus will benefit more than 1 million U.S. hourly workers, it said. The wage increases are expected to cost the retail giant $300 million in what they are already planning for the upcoming fiscal year.

Teacher questioning administrative pay raises removed from board meeting in handcuffs
It was public comment only, not a question and answer session-although board officials were answering her questions. Hargrave continues to ask her question when a city marshal approaches her and tells her she needs to leave.

Kimmel says hard to tell what the mood will be for Oscars
Critics wondered what he learned from his first time hosting the Oscars . Oscar nominations will be announced January 23.

All iOS and Mac devices affected by Meltdown and Spectre, Apple confirms
The Apple Watch, which runs a derivative of the iPhone's operating system is not affected, according to the company. Patches against Spectre, in the form of an update to web browser Safari, will be released "in the coming days".

Walmart is using the windfall the GOP just gave Corporate America to score a public-relations coup, with a strategic move that would have been smart even without a tax cut.

He added that "tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S".

The bonuses will be determined on an employee's length of service at the company, Wal-Mart said, and those workers with more than 20 years of experience will qualify to receive $1,000. Paying workers more will help ensure those stores are pleasant shopping environments - a necessity for Walmart if it is to keep growing its sales.

Previously, Walmart provided fully paid family leave to salaried workers, while hourly workers received half pay during family leave. Costco's starting wage is at least $13 an hour while Target is gradually raising its starting hourly wage to $15 by 2020. Currently, Walmart's starting wage is $9, which goes up to $10 once employees complete a training program.

Walmart said hourly employees at its websites, distribution centers and its Bentonville, Arkansas, headquarters, will benefit from the wage increase. Job postings at an Amazon warehouse in OH, for example, offer a starting pay of $14.50 an hour.

Walmart is also increasing its paid leave policy for new fathers and non-birthing mothers to six weeks at full pay for full-time hourly workers.

Recommended:

  • Google is Merging Android Pay and Google Wallet into a Single Service

    Google is Merging Android Pay and Google Wallet into a Single Service

    After years of brainstorming - Google finally has had the genius idea of unifying both these platforms under a single brand. That changed in 2015, when Google chose to spin off the tap-and-pay portion of the service into Android Pay.
    FX officially orders Sons of Anarchy spin-off Mayans MC

    FX officially orders Sons of Anarchy spin-off Mayans MC

    Sons Of Anarchy itself had something of a troubled history in the United Kingdom , which may give buyers pause. Mayans will premiere in late summer or early fall, 10 years after the start of Anarchy .
    Nokia 6 (2018) to launch today in China

    Nokia 6 (2018) to launch today in China

    All the connectivity options such as 4G LTE, VoLTE, Wi-Fi 802.11 b/g/n, Bluetooth, GPS are present on the smartphone. It's still carved out of metal, and comes with sharp edges that made the original look like an unpolished prototype.
  • 2 more die of Swine Flu at SKIMS, toll rises to 27

    2 more die of Swine Flu at SKIMS, toll rises to 27

    While the flu shot isn't always effective, doctors say if you catch the flu and have had the shot the symptoms may be less severe. Officials with the Tarrant County Health Department are reporting three flu-related deaths.
    Toyota and Mazda to build $1.6 billion joint plant in Alabama

    Toyota and Mazda to build $1.6 billion joint plant in Alabama

    In addition to the existing Toyota engine plant, the state is also home to plants for Hyundai, Honda and Mercedes-Benz. It's hard to predict auto sales in three years but, at present, Toyota may not need the factory for Corolla production.
    The long history of incredibly fraught relations between the USA  and Pakistan

    The long history of incredibly fraught relations between the USA and Pakistan

    Pakistani officials reacted angrily, postponing a visit from a top State Department official and canceling a big bilateral visit. But Pakistani officials argue that they're doing all they can to stamp out the terrorists who shelter in their borders.
  • Weather disasters cost USA  record $306 billion in 2017: NOAA

    Weather disasters cost USA record $306 billion in 2017: NOAA

    Harvey ranks second only to Hurricane Katrina, which at $160bn is the costliest storm in the 38 years that records have been kept. In all, 362 people died in last year's 16 billion-dollar or more weather events.
    New Notebook 7 Spin from Samsung a Fit for Small Business

    New Notebook 7 Spin from Samsung a Fit for Small Business

    The Notebook 7 Spin (2018) comes equipped with Voice Note that features a far field microphone to record conversations, meetings. Samsung's newest innovative PC boasts of modern features that are slowly becoming standard features of today's laptop releases.
    Sony Xperia XA2, XA2 Ultra, and L2 renders and specs leaked

    Sony Xperia XA2, XA2 Ultra, and L2 renders and specs leaked

    Also mentioned is that the new smartphones may be showcased within next few days at the upcoming CES 2018 conference in Las Vegas. Specifically, the XA2 is listed with a 21MP, 4K-capable rear camera and 7MP front-facing selfie cam.
  • Gas Prices Rise 0.6 Cents In Chattanooga

    Gas Prices Rise 0.6 Cents In Chattanooga

    The range in prices in the latest AAA survey for unleaded regular is 48 cents, from a low of $2.31 to a high of $2.79. In Massachusetts, it's still 19 cents higher than at this time a year ago , when prices were averaging $2.29.

    Lonzo Ball, Luke Walton Respond to LaVar Ball's Comments

    Walton was asked about Ball's comments at practice on Sunday. "That is just his opinion". "I'm fine with it, it doesn't bother me. Walton was in good spirits, shooting around after the walk-through with Ball, Kyle Kuzma and assistant coach Brian Shaw.
    FA Cup Report: Norwich City v Chelsea 06 January 2018

    FA Cup Report: Norwich City v Chelsea 06 January 2018

    There is lots of Premier League experience in this group of players though, mixed with some youthful exuberance. The first half was an unforgettably forgettable one, with neither keeper being properly tested.


Popular

SpaceX says rocket worked fine as spy satellite reported lost
According to the LA Times a spokesperson for Grumman declined to provide an explanation and said, "This is a classified mission". On its website, SpaceX says it has more than 70 upcoming missions on its launch manifest, which could take several years.

Ibuprofen linked to male infertility in study
As it relieves pain, ibuprofen may also diminish male fertility , according to a small but compelling new study. Of course, there is a bright side to this new finding, and that is to limit your intake of ibuprofen.

Shooting The Messenger In Aadhaar Breach Case? Reality Check
Police sources clarified on Sunday night that those named in the complaint were not being seen as accused but would be questioned. On its official Twitter handle, it said, "UIDAI is committed to the freedom of Press".

"Nvidia's partnering with ACER, ASUS and HP for 65" BFGDs
The green team has done another exceptional job, and we're more than eager to find out what else will there be at CES 2018 . Even though a remote and Shield controller are included, you don't actually need them to interact with the display.

North Dakota State claims sixth FCS title in seven years
The Bison (14-1) made it six championships in the last seven years and tied Georgia Southern for the most titles in FCS history. The teams traded field goals in the final minute of the first half and the Bison took a 17-6 lead into halftime.

Trump administration proposes $18b for border wall extension
The subject came up during a sit-down meeting with GOP lawmakers at the White House on Thursday. The requests complicate already strained negotiations between Republicans and Democrats.

OnePlus 5T Sandstone White variant is launched, finally!
The phone was launched in single storage variant- 8GB RAM/128GB storage for a price of Yuan 3499 (around Rs 34,150). Owing to its labour and time-intensive development, OnePlus 5T will be available in extremely limited quantities.

Baltimore residents are resorting to GoFundMe to heat their freezing public schools
Maybin also posted a video on Twitter of himself and some of his students discussing not having heat in their classroom. Complaints about a lack of heat have been lodged in almost 40 percent of school system buildings.

Trump and Bannon's War of Words
Bannon was preparing to launch a nonprofit organization created to help give Trump's brand of conservatism populism a permanent base.

Hoda Kotb named co-anchor of NBC's 'Today'
Kotb won a Peabody award for her work with Dateline , and a Daytime Emmy award as part of the Today show. Hoda Kotb is beginning 2018 with a high-profile new gig: as co-anchor of " Today ", NBC has announced .