Texas bonuses are portion of more than $560 million earned nationwide
in Q4 performance-based bonuses and tenure-based one-time cash bonuses
DALLAS -- (Business Wire)
Today, more than 890,000 Walmart U.S. associates are receiving a share
of more than $560 million in total cash bonuses, including:
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Walmart Associates in Texas To Receive Approximately $62.6 Million in Cash Bonuses (Graphic: Business Wire)
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More than $160 million in cash bonuses based on their stores’ Q4
performance, and
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More than $400 million in one-time cash bonuses tied to recent changes
in tax law.
- In Texas, Walmart associates are receiving approximately $62.6
million in combined bonuses.
The bonuses, along with an annual pay raise for our hourly field
associates, are included in their March 8 paycheck. Between Q4
performance bonuses, tenure-based bonuses, pay increases and recent paid
time off (PTO) cash outs, more than $1 billion flowed to U.S. hourly
associates during the months of February and March.
In January, Walmart announced 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. A new adoption assistance benefit of $5,000
per child – announced in conjunction with the other changes – went into
effect on February 1.
Walmart associates earn quarterly bonuses as part of an overall
incentive plan designed to reward associates whose stores achieve sales
and customer service goals. Hourly associates in Texas earned more
than $21.3 million following Q4 comp sales of 2.6 percent in Walmart U.S.
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For the full fiscal year, U.S. associates shared more than $625
million in performance-based bonuses, including more than $125.2
million shared by Texas associates.
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Walmart also recently cashed out to associates more than $300 million
in unused paid time off (PTO).
“Our associates are passionate and dedicated to serving our Texas
customers and our local communities,” said Sonya Hostetler, North Texas
Vice President and Regional General Manager at Walmart. “We are grateful
for their hard work and are proud to celebrate this day with them.”
Walmart in Texas
Walmart’s recent pay raises are just one part of the company’s local
investment and impact. In Texas, the company:
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Operates 593 retail units.
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Spent $50.7 billion with local suppliers, supporting 147,000 supplier
jobs in 2017.*
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Paid more than $398.6 million in taxes and collected more than $1.7
billion in sales taxes in 2017.
*Information supplied by Dunn & Bradstreet
About Walmart in Texas
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 260 million customers and
members visit our more than 11,600 stores under nearly 60 banners in 28
countries and eCommerce websites. In Texas we serve customers at 593
retail units and online through Walmart
Grocery Pickup, Walmart.com
and Jet.com.
We are proud to employ 171,696 associates in Texas. Walmart supports
local businesses, spending $50.7 billion with Texas suppliers in FY17,
which supported 146,759 Texas supplier jobs. Learn more at the Walmart
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View source version on businesswire.com: http://www.businesswire.com/news/home/20180308005636/en/
Contacts:
For Walmart
Ryan Trimble, 469-855-3944
ryan@allynmedia.com
Source: Walmart Inc.
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