More than 915,000 Walmart US hourly associates across the country received a share of more than $200 million in cash bonuses based on their stores’ Q2 performance. The bonuses were included in associate’s September 6 paycheck.
Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. In total, associates in New Jersey earned more than $3.1 million in Q2 bonuses. The bonuses come on the heels of the Walmart US business recording its highest comp sales performance in more than 10 years – with comp sales growth (excluding fuel) of 4.5 percent – along with an increase in customer traffic of more than 2 percent.
“These bonuses are one way Walmart recognizes its associates and shows appreciation for the great work they do in helping our customers and communities,” said Glen Spencer, Regional General Manager. “Walmart is successfully navigating the rapidly changing retail landscape, and in large part that’s due to our associates.”
The recent strong sales and traffic figures build on the positive momentum of the US business, which has enabled a positive local impact across New Jersey through associate bonuses, wage increases and innovation and improvement to stores, among other investments.
In January, Walmart announced plans to increase the starting wage for all hourly associates in the US to at least $11, expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible associates of up to $1,000. Walmart also recently announced a commitment to train and develop 1 million associates over the next five years and introduced a new education benefit for associates, which includes free college credit for on-the-job training and options for associates to earn a college degree without incurring student loan debt.
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