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Walmart pays full $1,000 bonus only to workers with 20 years’ service


Walmart employee
Walmart employees must
have 20 years of employment with the company to get the full
$1,000 cash bonus.

AP

  • Walmart
    said Thursday that it’s giving employees a one-time cash
    bonus of up to $1,000.
  • Only employees with 20 or more years of Walmart
    employment will get the full $1,000.
  • In a memo of talking points regarding the pay and
    benefit changes, Walmart instructed supervisors to describe the
    changes to employees as a “big, exciting deal.”

 

Walmart said Thursday that it’s raising
starting wages for hourly employees to $11
and offering a
one-time cash bonus of up to $1,000.

The bonus will only go to employees who are not impacted by the
wage increases — meaning they already earn more than $11 per
hour.

Among that group of employees, only those who have worked for
Walmart for 20 years or more will get the full $1,000, Walmart
told Business Insider.

Here’s how the bonus payout breaks down:

  • $200: Less than 2 years of Walmart employment
  • $250: 2-4 years of Walmart employment
  • $300: 5-9 years of Walmart employment 
  • $400: 10-14 years of Walmart employment
  • $750: 15-19 years of Walmart employment
  • $1,000: 20 years or more of Walmart
    employment

The bonus will be included in employees’ paychecks in
March, according to a copy of a Walmart memo posted to
Reddit

Walmart verified the facts in the memo to Business
Insider.

Walmart also said Thursday that it was expanding maternity
and parental-leave benefits, as well as creating a new benefit to
assist with adoption expenses.

The company announced the pay increases and bonuses on the same
day that it revealed
it was closing 63 Sam’s Club stores.

More than 11,000 employees are expected to lose their jobs as a
result of the closures. Each Sam’s Club store employs about 175
people, according to Walmart. 

The company said late Thursday that fired employees would still
be eligible for the cash bonus. 

In the memo of talking points regarding the pay and benefit
changes, Walmart instructed supervisors to describe the changes
to employees as a “big, exciting deal.”

“This is a big moment for Walmart!” the memo reads. “We work for
an amazing company that is giving back to you who work every day
to make a difference for our stores and our customers.”

“Please add your personal comments and style to this
conversation,” the memo adds. 

The Reddit user who posted the memo did not immediately respond
to requests for comment from Business Insider.


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