Maryland associates also share more than $10 million in quarterly cash bonuses
BALTIMORE – As part of the largest single-day, private-sector pay increase ever, more than 1.2 million Walmart and Sam’s Club associates in the U.S., including more than 17,000 in the state of Maryland, will receive a pay raise in their March 10 paycheck. The increases are part of the company’s two-year, $2.7 billion investment in higher pay, better training, clearer career paths and additional educational opportunities for its workers.
Walmart associates are eligible for quarterly cash bonuses based on the performance of their store. For the full fiscal year, Walmart associates across the country earned more than $550 million in bonuses, including more than $10 million in Maryland. In addition to the higher wages, the March 10 paycheck for eligible Maryland associates will include a share of the more than $3.2 million in bonus money earned in the fourth quarter of the year alone.
“The company continues to go to bat for its associates,” said Lionel Grayson, an office associate who has worked at Walmart’s Cockeysville location since August 2011. “Since I began working with Walmart a few years ago, management has continued to demonstrate a steady commitment toward its employees. In addition to the recent pay raise, there have been plenty of opportunities for associates like myself to grow and move within the company.”
Walmart’s associate investment is about more than wages and benefits. It is designed to provide associates the skills, knowledge and tools they need to grow with the company and provide great customer service. The company is also creating new training programs, which will create clear career paths from entry-level positions to jobs with more responsibility and higher pay.
WAGES AND ADVANCEMENT
A job at Walmart means competitive pay for all associates. Last year, Walmart U.S. and Sam’s Club promoted more than 200,000 associates, including 2,817 in Maryland, to jobs with higher pay and more responsibility. In addition, more than 150,000 associates, including 2,097 in Maryland, were converted from part-time to full-time. This month’s pay changes include:
· All associates hired before Jan. 1, 2016 will earn at least $10/hour.
o New entry-level associates hired after Jan. 1 will continue to start at $9/hour and will move to at least $10/hour after successfully completing the company’s new retail skills and training program known as Pathways.
· Associates already earning more than $10/hour will see their annual pay increase starting in March rather than waiting until their anniversary date.
· Walmart is raising the starting rate of its non-entry level hourly pay bands. Anyone earning below the new minimum will automatically move up to the new minimum.
· Associates at or above their pay band maximum will receive a one-time lump sum payment equal to 2 percent of their annual pay.
Walmart in Maryland
Walmart’s local investment goes beyond the company’s recent pay raises. In Maryland, the company:
· Operates 59 retail units.
· Spent $881.6 million with suppliers, supporting 12,750 supplier jobs in fiscal year 2015.
· Paid more than $59 million in taxes and collected more than $150 million in sales taxes in fiscal year 2015.
This associate investment was taken into account in the financial outlook discussed last October at the company’s annual analyst meeting.