Walmart announces special cash bonus and early payment of Q1 bonuses totaling nearly $550 million for hourly associates
19 Marzo 2020 - 5:57PM
Business Wire
Company also shares plans to hire more than 150,000 hourly
associates in the U.S.
Walmart today announced plans to provide a special cash bonus
for hourly associates for their hard work and dedication to serving
customers in a time of an unprecedented national health crisis. The
bonus is for all U.S. hourly associates in stores, clubs, supply
chain and offices. The bonus will be $300 for full-time hourly
associates and $150 for part-time hourly associates and will add up
to more than $365 million. Every hourly associate employed by the
company as of March 1 will qualify, and it will pay out on April
2.
In addition to that special bonus for hourly associates, the
company will accelerate the next scheduled quarterly bonus for
store, club and supply chain associates a month early. When it pays
out in late April, it will help provide more cash in hand for
associates sooner. The company will pay those bonuses as if the
company achieved its first quarter plan. At the regularly scheduled
time for bonus payout in May, that amount may increase for
associates based on performance. In no case will an eligible
associate receive less than the first quarter plan bonus payment.
The early payout will add up to $180 million.
Overall, it amounts to nearly $550 million going into
associates’ pockets and the economy at this important time. Hourly
Q4 bonuses were paid this week, meaning hourly associates will
receive bonus payments on March 19, April 2, April 30 and May
28.
“Walmart associates have gone above and beyond the call of duty
in serving our customers during these unprecedented times,” said
Doug McMillon, President and CEO, Walmart. “We want to reward our
associates for their hard work and recognize them for the work that
is in front of us.”
Additional hiring
Walmart has a steady workforce of full-time and part-time
workers helping meet the everyday needs of its customers. As part
of responding to the current environment, Walmart is also hiring
150,000 new associates through the end of May to work in stores,
clubs, distribution centers and fulfillment centers. These roles
will be temporary at first, but many will convert to permanent
roles over time. We’ve reached out to industry groups representing
restaurants and hospitality to facilitate temporary roles that can
be a bridge for their employees during this difficult time.
Walmart is also implementing a new process to dramatically
expedite hiring for key roles, such as cashiers and stockers. What
is usually a two-week application cycle will be reduced to a
24-hour process. Anyone interested in applying should do so at
careers.walmart.com. This initiative is aimed at helping put
Americans to work, while helping Walmart better serve customers
during this time of increased demand.
“We know millions of Americans who are usually employed at this
time are temporarily out of work, and at the same time we’re
currently seeing strong demand in our stores,” said McMillon.
“We’re looking for people who see Walmart as a chance to earn some
extra money and perform a vital service to their community.”
Today’s steps are in addition to last week’s announcement of a
new COVID-19 emergency leave policy that provides support to
associates if they are impacted by the coronavirus in the following
ways: (1) if they are uncomfortable coming to work right now and
choose to stay home (2) if they are part of mandated quarantines or
(3) if they have a confirmed case of the virus.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better - anytime and anywhere - in retail stores,
online, and through their mobile devices. Each week, over 265
million customers and members visit approximately 11,500 stores
under 56 banners in 27 countries and eCommerce websites. With
fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2
million associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting
http://corporate.walmart.com, on Facebook at
http://facebook.com/walmart and on Twitter at
http://twitter.com/walmart.
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version on businesswire.com: https://www.businesswire.com/news/home/20200319005868/en/
Jami Lamontagne – 800-331-0085
Walmart (NYSE:WMT)
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