Recently, more than 915,000 Walmart U.S. hourly associates across the country received a share of more than $200 million in cash bonuses based on their stores’ Q2 performance. The bonuses were included in associate’s September 6 paycheck.
Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. In total, associates across Michigan earned more than $4.76 million in Q2 bonuses.
These bonuses come on the heels of the best performance for Walmart U.S [news.walmart.com]. in more than 10 years-- with comp sales growth (excluding fuel) of 4.5%-- along with an increase in customer traffic of more than two percent.
“Change in the retail industry is happening rapidly and we are proud of how Walmart associates are leaders in utilizing new innovations and training to ensure our customers have the best shopping experience possible,” said Jim Winkler, Walmart Regional General Manager for Michigan. “Walmart’s recent performance is a direct result of our associates’ performance and these bonuses recognize the great work they do every day to service our customers and communities.”
The recent strong sales and traffic figures build on the positive momentum of the U.S. business, which has enabled a positive local impact across Michigan through associate bonuses, wage increases and innovation and improvement to stores, among other investments.
In January, Walmart announced [news.walmart.com] plans to increase the starting wage for all hourly associates in the U.S. to at least $11, expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible associates of up to $1,000. Walmart also recently announced a commitment to train and develop one million associates over the next five years and introduced a new education benefit for associates [blog.walmart.com], which includes free college credit for on-the-job training and options for associates to earn a college degree without incurring student loan debt.
Source: Press Release