Saturday, 23 June, 2018

Newsroom: Wages, Provide One-Time Bonus and Expand Hourly Maternity and Parental Leave

NATION-WORLD     Walmart raises hourly wage to $11 expands benefits     
       Walmart credited President Trump's tax cut for enabling the new policy NATION-WORLD Walmart raises hourly wage to $11 expands benefits Walmart credited President Trump's tax cut for enabling the new policy
Cristina Norman | 12 January, 2018, 06:26

Initially, Kroger customers will still need to check out at a self-checkout register to pay, but payment via the Scan, Bag, Go app is around the corner, according to the company. "The labor market is tight and getting tighter". Target had raised its minimum hourly wage to $11 in October, and said it would raise wages to $15 by the end of 2020. Ninety percent of Americans live within 10 miles of Walmart's 4,700 USA stores, which sell everything from food and clothes to electronics and sports gear. There are 81 Supercenters, 9 stores, 33 Neighborhood Markets and 13 Sam's Clubs in Oklahoma.

Soon after the Republican bill passed Congress last month, companies including Wells Fargo, Boeing and AT&T said they would raise wages and hand out bonuses.

"The tax law is already having an incredible impact on workers and families", Sanders said, unprompted, referencing the GOP tax bill, which Trump signed in December.

It's questionable if other big box stores will follow Walmart's example. The retailer plans to increase starting salaries to $11.00 an hour and provide a one-time thousand dollar cash bonus for eligible associates.

"I'd say it's going through a revolution now" predicated by e-commerce, said the EDC director.

"We are in the early stages of assessing the opportunities tax reform creates for us", President and Chief Executive Doug McMillon said in a statement, adding the law is an opportunity to be more competitive globally and to accelerate investment plans for the United States. It is also possible that not many companies will invest the money saved through tax cuts and instead will pass it on to their shareholders.

But low unemployment has meant that retailers have had trouble attracting and keeping talented workers, experts said.

Online retailers typically pay warehouse employees who pack and ship orders more than store jobs pay. Job postings at an Amazon warehouse in OH, for example, offer a starting pay of $14.50 an hour. On Thursday, Walmart promised to boost its minimum pay to $11 per hour along with an expanded maternity and parental leave benefits.

Local news reports said Sam's Clubs stores were closing in Texas, California, New Jersey, Ohio, Indiana and Alaska, among other states. On Twitter, it responded to queries by saying, "After a thorough review of our existing portfolio, we've made a decision to close a series of clubs and better align our locations with our strategy".

The Sam's Clubs in Harker Heights and Temple were not on the closure list, but there were four in Texas to close: three in the Houston area and one in San Antonio.

Trump administration officials on Thursday praised Walmart for increasing wages and delivering bonuses to employees, even as the company laid off thousands of other workers and closed stores on the same day. It will range from $200 to $1,000 depending on workers' length of employment with Walmart. Employees who have worked for Walmart for 20 years or longer are in line for the maximum $1,000 bonus.

Walmart has invested $2.7 billion in higher wages and training for workers to lower turnover and make the shopping experience more appealing. It is also extending maternity and parental benefits.

The Walmart wage hike, taking minimum pay up from the current $10 an hour after in-house training, is aimed at helping the company attract workers at a time when the US unemployment rate is at 4.1 percent, a 17-year low, making it harder to attract and retain minimum wage employees. The company announced today that it is raising its starting wages to $11 an hour and expanding its parental leave policies.

The Bentonville, Arkansas, company also promised help with adoptions, offering full-time hourly and salaried workers $5,000 per child that can be used for expenses such as adoption agency fees, translation fees and legal or court costs.

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