Walmart Announces Wage Hike for Over 165,000 Workers
UNITED STATES - Investing in your workforce is one of the most lucrative money moves in retail, and Walmart has this strategy down pat. The mega-grocer has made some decisive moves to bolster its workforce this week, announcing significant wage increases for a network of 165,000 employees.
“This new structure is built around higher-skilled jobs of the future, and the compensation for those roles reflects that,” said Chief Operating Officer Dacona Smith in a statement, explaining that these wage hikes come in tandem with a total restructure of its workforce.
The new wage ranges for hourly team lead roles start between $18 and $21 an hour and can go up to $30 an hour in Supercenters. Through this new, tiered structure for team leads, Walmart is creating room for pay and career growth while investing in areas like pickup and delivery as customers increasingly turn to those options. Those parts of the business will only continue to grow, as reiterated in the statement. In addition, the company is investing in specific, skilled frontline hourly positions in Supercenters.
Smith concluded the statement by noting that these wage increases will be implemented as early as October.
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