More Than 22,000 Walmart Associates in Alabama to Receive Share of over $4 Million in Cash Bonuses
March 14 2017 - 11:30AM
Business Wire
Bonuses follow company’s strongest quarterly
comp sales performance of the year
Walmart today is announcing that more than 850,000 Walmart
associates in the U.S., including over 22,000 in Alabama, will
receive a share of more than $157 million in cash bonuses based on
their stores’ performance in the fourth quarter. The bonuses, along
with an annual pay raise, were included in associates’ March 9
paycheck.
Walmart associates can earn quarterly bonuses based on the
performance of their store. Workers in Alabama will share more than
$4 million in Alabama cash bonuses. The bonuses come on the heels
of Walmart U.S. recording its strongest comp sales performance of
the year, a 1.8% increase in the fourth quarter. Customer service
and inventory have also improved. For the full fiscal year, U.S.
associates shared more than $700 million in bonuses.
“We’re proud to reward the more than 22,000 associates across
the state who earned bonuses last quarter for their hard work and
dedication,” said John Tow, Walmart’s regional general manager for
Alabama. “Our associates are the heartbeat of our company and as
leaders we are continuously working to help provide them with a
good start, a clear path, and unlimited opportunities. We know we
are better equipped to serve our customers when our associates grow
professionally, feel supported and share in the company’s
success.”
Over the past two years, Walmart has invested billions of
dollars in training, education and higher wages. These investments
offer associates skills, knowledge and tools to help them grow with
the company and provide great customer service during a time of
rapid change in shopping habits. During 2016, Walmart launched new
training programs for entry-level associates, frontline
supervisors, department managers and assistant managers, creating
clearer career paths and preparing them to succeed in a new,
technology-enabled age of retail.
OPPORTUNITY AND ADVANCEMENTA job at Walmart means
opportunity for associates, no matter their education or work
background, and when associates are successful, the company is
successful. Opportunity and advancement highlights from fiscal year
2017 include:
- Walmart U.S. promoted more than
200,000 associates, including more than 5,150 in Alabama, to
jobs with higher pay and more responsibility.
- More than 150,000 associates, including
more than 3,500 in Alabama were converted from part-time to
full-time.
- More than 75% of current store
management teams started as hourly workers.
- Walmart opened 40 Training
Academies — physical facilities that serve as learning hubs for
hourly supervisors, department managers and assistant managers from
approximately 25 area stores.
Walmart in AlabamaWalmart’s recent pay raises are just
one part of the company’s local investment and impact. In Alabama,
the company:
- Operates 144 retail units.
- Spent $1.1 billion with local
suppliers, supporting more than 32,000 supplier jobs in FYE
2017.*
- Paid more than $92 million in taxes and
collected more than $660 million in sales taxes in FYE 2016.
*Information supplied by Dunn & Bradstreet
About WalmartWal-Mart Stores, 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 11,695 stores under 59 banners in 28 countries and e-commerce
websites in 11 countries. With fiscal year 2017 revenue of $485.9
billion, Walmart employs approximately 2.3 million associates
worldwide. Walmart continues to be a leader in sustainability,
corporate philanthropy and employment opportunity. Additional
information about Walmart can be found by
visiting http://corporate.walmart.com on Facebook
at http://facebook.com/walmart and on Twitter
at http://twitter.com/walmart.
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version on businesswire.com: http://www.businesswire.com/news/home/20170314006034/en/
Wal-Mart Stores, Inc.Phil Keene,
800-331-0085news.walmart.com/reporter
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