Bonuses follow company’s strongest quarterly comp sales performance
of the year
BIRMINGHAM, Ala. -- (Business Wire)
Walmart today is announcing that more than 850,000 Walmart associates in
the U.S., including over 22,000 in Alabama, will receive a share of more
than $157 million in cash bonuses based on their stores’ performance in
the fourth quarter. The bonuses, along with an annual pay raise, were
included in associates’ March 9 paycheck.
Walmart associates can earn quarterly bonuses based on the performance
of their store. Workers in Alabama will share more than $4 million in
Alabama cash bonuses. The bonuses come on the heels of Walmart U.S.
recording its strongest comp sales performance of the year, a 1.8%
increase in the fourth quarter. Customer service and inventory have also
improved. For the full fiscal year, U.S. associates shared more than
$700 million in bonuses.
“We’re proud to reward the more than 22,000 associates across the state
who earned bonuses last quarter for their hard work and dedication,”
said John Tow, Walmart’s regional general manager for Alabama. “Our
associates are the heartbeat of our company and as leaders we are
continuously working to help provide them with a good start, a clear
path, and unlimited opportunities. We know we are better equipped to
serve our customers when our associates grow professionally, feel
supported and share in the company’s success.”
Over the past two years, Walmart has invested billions of dollars in
training, education and higher wages. These investments offer associates
skills, knowledge and tools to help them grow with the company and
provide great customer service during a time of rapid change in shopping
habits. During 2016, Walmart launched new training programs for
entry-level associates, frontline supervisors, department managers and
assistant managers, creating clearer career paths and preparing them to
succeed in a new, technology-enabled age of retail.
OPPORTUNITY AND ADVANCEMENT
A job at Walmart means
opportunity for associates, no matter their education or work
background, and when associates are successful, the company is
successful. Opportunity and advancement highlights from fiscal year 2017
include:
-
Walmart U.S. promoted more than 200,000 associates, including
more than 5,150 in Alabama, to jobs with higher pay and more
responsibility.
-
More than 150,000 associates, including more than 3,500 in Alabama
were converted from part-time to full-time.
-
More than 75% of current store management teams started as hourly
workers.
-
Walmart opened 40 Training Academies — physical facilities that
serve as learning hubs for hourly supervisors, department managers and
assistant managers from approximately 25 area stores.
Walmart in Alabama
Walmart’s recent pay raises are just one
part of the company’s local investment and impact. In Alabama, the
company:
-
Operates 144 retail units.
-
Spent $1.1 billion with local suppliers, supporting more than 32,000
supplier jobs in FYE 2017.*
-
Paid more than $92 million in taxes and collected more than $660
million in sales taxes in FYE 2016.
*Information supplied by Dunn & Bradstreet
About Walmart
Wal-Mart Stores, 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 11,695 stores under 59
banners in 28 countries and e-commerce websites in 11 countries. With
fiscal year 2017 revenue of $485.9 billion, Walmart employs
approximately 2.3 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170314006034/en/
Contacts:
Wal-Mart Stores, Inc.
Phil Keene, 800-331-0085
news.walmart.com/reporter
Source: Wal-Mart Stores, Inc.
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