Latest Breaking News Online News Portal
Fox News host Trace Gallagher has the latest on rising thefts at Walmart that could potentially lead to price increases and store closures on ‘Kennedy.’
Retail behemoth Walmart is boosting pay for its U.S. workers, announcing a series of investments Tuesday aimed at attracting and retaining talent in the tight labor market.
Walmart U.S. CEO John Furner informed associates in a message that beginning next month, the company will start raising annual increases for employees and will hike starting rates at thousands of stores “to ensure we have attractive pay in the markets we operate.”
Walmart U.S. CEO John Furner attends the 27th annual Woodward Dream Cruise, in Royal Oak, Michigan, on Aug. 20, 2022. (Photo by JEFF KOWALSKY/AFP via Getty Images / Getty Images)
Furner says the company expects the raises will bring the average pay for a U.S. Walmart associate to above $17.50 per hour.
MORE US COMPANIES BRACES FOR JOBS CUTS AMID LIKELY RECESSION, SURVEY SHOWS
In addition to the broader pay hikes, the company is also making targeted investments in three particular areas as part of the initiative.
James Bright III, general manager of Walmart’s new Joliet fulfillment center FC3040, takes a quick selfie with his associates moments before cutting the ribbon during the facility’s grand opening ceremony on Sept. 28, 2022 in Joliet, Illinois. On Tue (Photo by Jeff Schear/Getty Images for Walmart / Getty Images)
The CEO said Walmart is introducing a new team lead position for its Auto Care Centers, another higher-paying position on top of the “coach” role added to the department last fall. The company will also start paying ACC techs more.
JOBLESS CLAIMS UNEXPECTEDLY DROP TO 190,000, LOWEST LEVEL IN FOUR MONTHS
Furner said the retailer is further expanding the college degrees and certificates available in its Live Better U education program, which pays 100% of tuition and fees for both full- and part-time employees.
Walmart announced Tuesday it is raising pay for its U.S. workers and expanding opportunities for associates to attract and retain talent. (Photographer: James MacDonald/Bloomberg via Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Walmart is also expanding its Associate-to-Driver program, which pays for workers to earn their commercial driver’s license to become a Walmart truck driver with the opportunity to earn as much as $110,000 in their first year. The program, previously available just for supply chain associates, is now being offered to store associates, too.
