Bonuses follow the company’s strongest quarterly comp sales performance of the year
Walmart today is announcing that more than 850,000 Walmart associates in the U.S., including 19,193 in the Greater Houston area, and close to 95,000 in Texas, received a share of more than $157 million in cash bonuses based on their stores’ performance in the fourth quarter. The bonuses, along with an annual pay raise, were included in their March 9 paycheck. *See Walmart President & CEO Doug McMillon’s personal thank you message.
Walmart associates can earn quarterly bonuses based on the performance of their store. Associates in Texas will share more than $17.9 million in Q4 cash bonuses, more than $3 million of which will be given to associates in the Greater Houston area. 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 management have also improved. For the full fiscal year, U.S. associates shared more than $700 million in bonuses.
“We’re proud to be leaders in the new world of retail. No other retailer offers as wide a range of jobs, training opportunities, room for advancement, benefits and the opportunity for financial advancement as Walmart,” said Dale Murphy, Regional General Manager. “We have invested in wages and training to create a system that can help our associates go as far as they want to go.”
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.
OPPORTUNITY AND ADVANCEMENT
A job at Walmart means opportunity for associates, no matter their education or work background, and when associates are successful, the company is successful. Opportunity and advancement highlights from fiscal year 2017 include:
- Walmart U.S. promoted more than 200,000 associates, including 24,599 in Texas, to jobs with higher pay and more responsibility.
- More than 155,000 associates, including 22,201 in Texas were converted from part-time to full-time.
- More than 75% 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.
Walmart in Texas
Walmart’s recent pay raises are just one part of the company’s local investment and impact. In Texas, the company:
- Operates 584 retail units.
- Spent $67.4 billion with local suppliers, supporting 313,601 supplier jobs in FY17.*
- Paid more than $416.3 million in taxes and collected more than $1.7 billion in sales taxes in FY16.
*Information supplied by Dunn & Bradstreet
About Walmart in Texas
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. In Texas, we serve customers at 584 retail units and online through Walmart Grocery Pickup, Walmart.com and Jet.com. We are proud to employ 171,531 associates in Texas. Walmart supports local businesses, spending over $67.4 billion with Texas suppliers in FY17, which supported 313,601 Texas supplier jobs. As part of our commitment to fight hunger, we give back to Texas communities with over $117.2 million in cash and in-kind donations to local nonprofits. Learn more at the Walmart Today blog, and our Facebook, Twitter, Pinterest, Instagram channels.
