Walmart hikes hourly pay by $1 for more than 550,000 workers ahead of the holidays
PUBLISHED THU, SEP 2 20211:47 PM EDTUPDATED 4 HOURS AGO
https://www.cnbc.com/2021/09/02/walmart-hikes-hourly-pay-by-1-for-over-550000-workers.html
Lauren Thomas@LAURENTHOMAS
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Florida, Miami, Walmart discount department store, check out lines.
Jeff Greenberg | Universal Images Group | Getty Images
Walmart said Thursday that it is raising the hourly wages for more than 565,000 store workers by at least $1, as the retail industry faces a tight labor market going into the holiday shopping season.
Walmart U.S. Chief Executive John Furner said in a memo to staff that this marks the third investment the company has made in salaries in the past year. Walmart’s U.S. average hourly wage is now $16.40, he said.
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Walmart’s mass hiring plans will result in higher prices, wages: Link
According to Furner, employees who work on the front end of Walmart stores and in its food and consumable department and general merchandise department will receive the higher wages, which will be effective Sept. 25.
Earlier in the week, Walmart announced its plans to hire 20,000 workers for its supply chain as it ramps up for the holidays and prepares for more people to shop online. In July, it said it would pay 100% of college tuition and books for employees.
The nation’s largest private employer is sweetening its perks as companies cope with fierce competition for workers amid ongoing Covid-19 outbreaks.
Other retailers have announced similar perks and policy changes in recent months. Among them, Target rolled out its own debt-free college program. CVS Health and Walgreens Boots Alliance said they are boosting starting wages to $15 an hour in the coming months, and CVS said it would drop education requirements for entry-level jobs.
PUBLISHED THU, SEP 2 20211:47 PM EDTUPDATED 4 HOURS AGO
https://www.cnbc.com/2021/09/02/walmart-hikes-hourly-pay-by-1-for-over-550000-workers.html
Lauren Thomas@LAURENTHOMAS
SHARE
KEY POINTS
- Walmart said Thursday that it is raising the hourly wages for more than 565,000 store workers by at least $1.
- Employees who work on the front end of Walmart stores and in its food and consumable and general merchandise departments will receive the higher wages, which will be effective Sept. 25.
- The retail industry faces a tight labor market as it prepares to staff up for the holidays.
Florida, Miami, Walmart discount department store, check out lines.
Jeff Greenberg | Universal Images Group | Getty Images
Walmart said Thursday that it is raising the hourly wages for more than 565,000 store workers by at least $1, as the retail industry faces a tight labor market going into the holiday shopping season.
Walmart U.S. Chief Executive John Furner said in a memo to staff that this marks the third investment the company has made in salaries in the past year. Walmart’s U.S. average hourly wage is now $16.40, he said.
WATCH NOW
VIDEO03:04
Walmart’s mass hiring plans will result in higher prices, wages: Link
According to Furner, employees who work on the front end of Walmart stores and in its food and consumable department and general merchandise department will receive the higher wages, which will be effective Sept. 25.
Earlier in the week, Walmart announced its plans to hire 20,000 workers for its supply chain as it ramps up for the holidays and prepares for more people to shop online. In July, it said it would pay 100% of college tuition and books for employees.
The nation’s largest private employer is sweetening its perks as companies cope with fierce competition for workers amid ongoing Covid-19 outbreaks.
Other retailers have announced similar perks and policy changes in recent months. Among them, Target rolled out its own debt-free college program. CVS Health and Walgreens Boots Alliance said they are boosting starting wages to $15 an hour in the coming months, and CVS said it would drop education requirements for entry-level jobs.
". Just like the people that never go to McDonalds say the price of big macs will.
