Walmart To Lift Wages For 565,000 US Workers

Walmart said Thursday it will hike wages for some 565,000 US employees this month, its latest move to attract and retain staff in the tight American labor market.

The announcement means at least $1 an hour more in pay for employees in customer service, food and consumables and general merchandise, the company said.

Previous moves by Walmart increased wages for some 425,000 stocking and digital associates and another 165,000 store associates. Walmart also dropped fees for workers who participate in an employee education program.

The shift comes amid an ongoing labor crunch that has prompted restaurants, delivery companies, supermarkets and other chains to announce wage hikes in recent months.

Walmart's starting wage is now between $12 and $17 an hour depending on the position, a company spokeswoman said.

That is still short of the $15 an hour targeted by unions and progressive Democratic allies of President Joe Biden.

But the increase does lift the average hourly wage for Walmart workers in the United States to $16.40, the company's US President and CEO John Furner said in a memo to staff.

About 75 percent of salaried staff and management employees in the country started in hourly roles at the giant retailer.

This year "has been another trying year, with challenges that few could have predicted," Furner said, adding that "there's a path for everyone here."

Copyright AFP. All rights reserved.

RECENT NEWS

Tesla Redefines Strategy Amid Market Pressures And Rising Competition

Tesla, once the unrivalled leader in electric vehicles, is realigning its product strategy toward more affordable models... Read more

Meta Reports Robust Quarterly Revenue, But AI Spending Soars Impacting Share Price

Meta, the conglomerate behind giants such as Facebook and Instagram, unveiled a stronger-than-anticipated quarterly reve... Read more

AI Rising: How BCG Defies Consulting Downturn While Igniting Industry Turmoil With AI Innovation

Although the consulting business has experienced a number of layoffs and reduced revenues due to prevailing economic unc... Read more

Electric Cars - The End Of The Road Or A Bump

Electric Vehicle Sales Trends in Europe: A Mixed Picture Electric vehicle (EV) sales are exhibiting varied trends acr... Read more

Fintech Emerges As A Strong Investment Prospect

Amid the fervor surrounding artificial intelligence, identifying sectors where it has verifiably improved sales and marg... Read more

Can Energy Production Keep Up? How Fueling Your Futuristic Technology Could Ignite A Power Crisis

The march of progress has delivered remarkable technological advancements, revolutionizing life as we know it. As we rac... Read more