Walmart says more than 850,000 Walmart associates in the U.S., including more than 2,700 in the Metro East and more than 30,000 in Illinois, received a share of more than $157 million in cash bonuses based on their stores’ performances in the fourth quarter. The bonuses, along with an annual pay raise, were included in their March 9 paychecks.
Walmart associates can earn quarterly bonuses based on the performance of their store. Workers in the Metro East will share more than $5.8 million in bonus compensation in Illinois. The bonuses come on the heels of Walmart U.S. recording its strongest comp sales performance of the year in the fourth quarter at 1.8 percent. Customer service and inventory have also improved. For the full fiscal year, U.S. associates shared more than $700 million in bonuses.
“We are so grateful for the amazing work our associates are doing every day to help their respective stores meet their performance and customer service goals,” said Becky Dedman, Walmart regional general manager in the Metro East. “When our associates succeed, the company succeeds, and the $157 million in cash bonuses we are providing nationwide represent our way of saying thank you to our incredible associates for a job well done.”
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.
During fiscal year 2017:
• Walmart U.S. promoted more than 200,000 associates, including over 7.500 in Illinois, to jobs with higher pay and more responsibility.
• More than 150,000 associates, including over 6,500 in Illinois were converted from part-time to full-time.
• More than 75 percent 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.
In Illinois, the company:
• Operates 196 retail units.
• Spent $54.1 billion with local suppliers, supporting over 261,000 supplier jobs in FYE17.
• Paid more than $260.8 million in taxes and collected more than $619.7 million in sales taxes in FYE16.
— From the Illinois Business Journal