The American chain retailer, Walmart, has awarded employees with a $200m cash bonus
American supermarket Walmart has rewarded staff with more than $200 million in second quarter cash bonuses to over 900,000 staff across the United States. The bonuses were based on stores’ performances from May through to July and were part of an overall incentive plan.
Stores that met their performance and customer service goals saw associates rewarded and eligible associates can earn these four times a year.
According to Yahoo Finance, Julie Murphy, executive vice president of Neighbourhood Markets for Walmart U.S., commented: “Our people have always been the most important part of our business and they continue to do amazing things for our customers. Sam Walton built this business on the idea of sharing profits with our associates and treating them as partners.”
However, that’s not all. These bonuses are in addition to Walmart’s $2.7 billion investment in associates which was announced last year. The investment includes education, training and higher wages. It resulted in a pay increase for employees at Walmart U.S. and Sam’s Club associates earlier this year.
Furthermore, associate training is also a part of the investment strategy and Walmart have announced plans to open 200 Academies across the U.S. These are designed to teach advanced skills to managers and supervisors.
Mike Moore, executive vice president of Supercenters for Walmart U.S. also said: “Whether it’s buying something for their kids, treating themselves or saving for something great, bonus time at Walmart is always a special time for our associates.”
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