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Walmart will provide a one-time bonus, raise wages, and expand benefits to their employees in response to President Donald Trump signing the Tax Cuts and Jobs Act.
“Today, we are building on investments we’ve been making in associates, in their wages and skills development,” said Doug McMillon, Walmart president and chief executive officer, on Thursday “It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”
Walmart - Employees - Wage - Hour - Maternity
Walmart plans to increase its employees’ starting wage to $11 an hour, expand maternity and paternal leave benefits, as well as provide a one-time cash bonus up to $1,000. The company added that they will offer financial assistance to their associates who decide to adopt a child; the credit will total $5,000 per child and may be used for expenses such as adoption agency fees, translation fees, and legal costs.
The combined wage and benefit increases will impact well over one million Walmart employees. McMillon added:
Stages - Opportunities - Tax - Reform - Customers
We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our...
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