DALLAS--(BUSINESS WIRE)--Today, more than 890,000 Walmart U.S. associates are receiving a share of more than $560 million in total cash bonuses, including:
- More than $160 million in cash bonuses based on their stores’ Q4 performance, and
- More than $400 million in one-time cash bonuses tied to recent changes in tax law.
- In Texas, Walmart associates are receiving approximately $62.6 million in combined bonuses.
The bonuses, along with an annual pay raise for our hourly field associates, are included in their March 8 paycheck. Between Q4 performance bonuses, tenure-based bonuses, pay increases and recent paid time off (PTO) cash outs, more than $1 billion flowed to U.S. hourly associates during the months of February and March.
In January, Walmart announced plans to increase the starting wage for all hourly associates in the U.S. 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. A new adoption assistance benefit of $5,000 per child – announced in conjunction with the other changes – went into effect on February 1.
Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. Hourly associates in Texas earned more than $21.3 million following Q4 comp sales of 2.6 percent in Walmart U.S.
- For the full fiscal year, U.S. associates shared more than $625 million in performance-based bonuses, including more than $125.2 million shared by Texas associates.
- Walmart also recently cashed out to associates more than $300 million in unused paid time off (PTO).
“Our associates are passionate and dedicated to serving our Texas customers and our local communities,” said Sonya Hostetler, North Texas Vice President and Regional General Manager at Walmart. “We are grateful for their hard work and are proud to celebrate this day with them.”
Walmart in Texas
Walmart’s recent pay raises are just one part of the company’s local investment and impact. In Texas, the company:
- Operates 593 retail units.
- Spent $50.7 billion with local suppliers, supporting 147,000 supplier jobs in 2017.*
- Paid more than $398.6 million in taxes and collected more than $1.7 billion in sales taxes in 2017.
*Information supplied by Dunn & Bradstreet
About Walmart in Texas
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 260 million customers and members visit our more than 11,600 stores under nearly 60 banners in 28 countries and eCommerce websites. In Texas we serve customers at 593 retail units and online through Walmart Grocery Pickup, Walmart.com and Jet.com. We are proud to employ 171,696 associates in Texas. Walmart supports local businesses, spending $50.7 billion with Texas suppliers in FY17, which supported 146,759 Texas supplier jobs. Learn more at the Walmart Today blog, and our Facebook, Twitter, Pinterest, Instagram channels.