Walmart offers new perks for workers, from a new bonus plan to opportunities in skilled trade jobs

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Walmart News

Trades,Turnover,Employees

The perks program announced Wednesday comes as the nation’s largest private employer says it’s seeing a decline in worker turnover. But Walmart, like other employers, faces a still-competitive labor market and increasing demands from its employees.

NEW YORK — Walmart is offering new perks for its hourly U.S. workers, ranging from a new bonus plan to opportunities to move into skilled trade jobs within the company.

For example, a full-time worker who’s been with Walmart between one year and almost five years can earn a maximum bonus of $350 per year, while a 20-year full-time worker can earn a maximum bonus of $1,000, Walmart said. The plan will be available to 700,000 U.S. workers, the company said. The training program is expected to start with 100 workers in the Dallas-Fort Worth area. It is part of the Walmart Academy, one of the largest skill-development programs in the country.Households with incomes exceeding $100,000 have been drawn to the retailer as it upgrades the quality of its items and focuses on providing more convenient ways to shop. Two-thirds of Walmart’s market share gains across the aisles are coming from that group, Walmart said.

Source: News Formal (newsformal.com)

Trades Turnover Employees Labor Market

 

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