Walmart CEO Doug McMillon released a statement saying the company must go further in recruiting more black associates at all levels and positions.
Hourly Walmart employees in the United States received another coronavirus bonus on Thursday, the company announced.
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The bonuses were broken down into $ 300 for hourly full-time employees and $ 150 for hourly and part-time temporary employees who were employed as of June 5. This includes Walmart and Sam’s Club store associates, supply chain and offices, truck drivers and assistant managers. A higher bonus of $ 400 was paid to the assistant managers at Sam’s Club.
| Heart | Security | Latest | Change | Change% |
|---|---|---|---|---|
| WMT | WALMART INC. | 118.32 | -1.39 | -1.16% |
The payment for this latest round of bonds equals more than $ 390 million, according to the country’s largest retailer.
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“Walmart and Sam’s Club associates continue to do remarkable work, and it is important that we reward and appreciate them,” said Walmart US President and CEO John Furner in announcing the first bonus on May 12. “Across the country, they are providing Americans with the food, medicine, and supplies they need, while also going beyond the normal scope of their jobs: diligently disinfecting their facilities, making customers and members feel safe and welcome, and handle difficult situations with professionalism and grace. “
FOX Business contacted Walmart to comment on this recent round of bonus payments, but received no immediate response at the time of publication.
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Ahead of this round, Walmart paid coronavirus bonuses to front-line employees on April 2, totaling more than $ 365 million, according to the company. Additionally, an advance payment of first-quarter bonuses was distributed on April 30 to “help provide more available cash” to Walmart associates. The amount reportedly totaled nearly $ 180 million, according to a press release that month.
With all the bonus rounds combined, Walmart has paid more than $ 935 million to its essential workers so far.
At the end of April, the multi-billion dollar company had 3,569 Walmart Super Centers and 599 Sam’s Club locations in the US, which employ approximately 1.5 million associates. Throughout the pandemic, Walmart had hired more than 235,000 new associates in the first quarter, a 2020 first-quarter earnings release revealed. The addition of more than a quarter of a million employees cost Walmart nearly $ 900. millions.
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The average full-time hourly wage is $ 14.26, the company shared on its Location Data website.
Large retail chains have been issuing coronavirus-related bonds in light of the risks and financial difficulties the pandemic has caused essential workers. For example, Target is offering another one-time, $ 200 one-time bonus to store and distribution employees for July, while increasing their minimum wage to $ 15 an hour.
Other retail chains have finalized bonus payments and are also moving toward long-term wage increases. Supermarket chain HEB finalized its additional coronavirus salary of $ 2 an hour on June 21 and went on to an undisclosed permanent merit increase for members the next day, according to a company press release.
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Several retailers have criticized retailers who have failed to award coronavirus-related bonuses or permanent salary increases.
