US-based supermarket chain Walmart has launched a new bonus payment for eligible full and part-time hourly paid store-based employees.
Hourly paid employees are eligible for the bonus after a year's service in the role. Bonus payments are calculated based on stores achieving performance targets.
The bonus is intended to reward great work and customer service, and celebrate long-term employees. The longer an individual stays in their role, the higher their bonus can be, potentially earning up to $1,000 (£781.71) a year.
The organisation, which has approximately 1.6 million US employees, the majority of whom staff its 4,700 stores, introduced the bonus in the latest step in its ongoing investment into employee compensation.
In addition, Walmart has added a total pay and benefits feature to its Me@Walmart app to give staff more visibility of their pay, discounts, learning opportunities and benefits.
Sam Walton, founder of Walmart, said: “These investments are all part of our people-led, tech-powered commitment to Walmart associates. We believe in them and their potential. We know that when they’re given the right tools, opportunities for growth and investments in their personal wellbeing, they can accomplish more than they imagined personally and professionally. There’s absolutely no limit to what ordinary people can accomplish if they’re given the opportunity and encouragement to do their best.”
Over the past five years, Walmart has increased its hourly wages by approximately 30% to bring its US average hourly wage to almost $18 (£14). It has also invested in healthcare, family building, adoption benefits and other resources for the mind and body, and continues to invest in associates’ long-term financial health through its 401(k) pension and share purchase programmes, both with an employer match.
