SIDNEY – More than 890,000 Walmart U.S. associates are receiving a share of more than $560 million in total cash bonuses in their March 8 paychecks.
The bonuses include:
• More than $160 million in cash bonuses based on their stores’ Q4 performance, and
• More than $400 million in one-time cash bonuses tied to recent changes in tax law.
In Ohio, Walmart associates are receiving approximately $18.1 million in combined bonuses.
The bonuses, along with an annual pay raise for our hourly field associates, are included in their March 8 paycheck. Between Q4 performance bonuses, tenure-based bonuses, pay increases and recent paid time off (PTO) cash outs, more than $1 billion flowed to U.S. hourly associates during the months of February and March.
In January, Walmart announced plans to increase the starting wage for all hourly associates in the U.S. to at least $11, expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible associates of up to $1,000. A new adoption assistance benefit of $5,000 per child – announced in conjunction with the other changes – went into effect on Feb. 1.
Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. Hourly associates in Ohio earned more than $5.3 million, following Q4 comp sales of 2.6 percent in Walmart U.S.
For the full fiscal year, U.S. associates shared more than $625 million in performance-based bonuses, including more than $36 million shared by Ohio associates.
Walmart also recently cashed out to associates more than $300 million in unused paid time off (PTO).
“I started working with Walmart 19 years ago unloading trucks during third shift. Since then I’ve enjoyed a pretty rewarding career at this company with plenty of opportunities for growth all while I raised my daughter,” said Sara Benge, Site to Store Department Manager at the Kingsridge Drive Walmart in Dayton. “The bonuses that Walmart is providing now is another example of how this company rewards the associates for their hard work and success.”
Walmart in Ohio
Walmart’s recent pay raises are just one part of the company’s local investment and impact. In Ohio, the company:
• Operates more than 170 retail units.
• Spent $15.6 billion with local suppliers, supporting 118,000 supplier jobs in 2017.
• Paid more than $157.5 million in taxes and collected more than $496.5 million in sales taxes in 2017.
