Dear Representative Jones, (Thursday, Jan 11, 2018)
wanted to share this good news with you today. I hope to see you soon.
announced today plans to:
-- increase the starting wage rate for all hourly
associates in the U.S. to $11
-- expand maternity and parental leave benefits
--provide a one-time cash bonus for eligible associates of up to $1,000
company is also creating a new benefit to assist associates with adoption
expenses. The combined wage and benefit changes will benefit the company’s
more than one million U.S. hourly associates.
are building on investments we’ve been making in associates, in their wages and
skills development,” said Doug McMillon, Walmart president and CEO. “It’s our
people who make the difference and we appreciate how they work hard to
make every day easier for busy families.”
added, “We are early in the stages of assessing the opportunities tax
reform creates for us to invest in our customers and associates and to further
strengthen our business, all of which should benefit our shareholders. However,
some guiding themes are clear and consistent with how we’ve been investing --
lower prices for customers, better wages and training for associates and
investments in the future of our company, including in technology. Tax reform
gives us the opportunity to be more competitive globally and to accelerate
plans for the U.S.”
increase in wages to associates will take effect in February and will be
approximately $300 million incremental to what was already included in
next fiscal year’s plan. The one-time bonus represents an additional payment to
associates of approximately $400 million in the current fiscal year, which ends
Jan. 31, 2018.
more information on our wage and benefits changes, please visit here.
Director of Public Affairs & Government Relations
Walmart Stores Inc.