Walmart store employees can now earn up to $1K per year in bonuses (2024)

FAQs

What is the new bonus for Walmart employees? ›

The nation's largest private employer said that both part- and full-time employees will now be eligible for a financial bonus of up to $1,000 a year.

June 5, 2024, at 9:28 a.m. BENTONVILLE, Arkansas (Reuters) -Walmart will pay bonuses to its U.S. hourly store workers, including those at its pharmacy and Vision Center stores, the retailer said on Wednesday, in a move that could boost wages for 700,000 front-line staff.

You also have to take in to account the posit... Walmart announced in January 2023 that U.S. workers would get pay raises the following month, increasing starting wages to between $14 and $19 an hour. Starting wages had previously ranged between $12 and $18 an hour, depending on location.

For example, under the new bonus plan a full-time worker who's been with Walmart between one year and almost five years can earn an extra $350 per year, while a 20-year full-time worker can earn a maximum bonus of $1,000, Walmart said. The plan will be available to 700,000 U.S. workers, the company said.

The new starting annual base wage will range from $90,000 to $170,000, moving the average up to $128,000. Previously, store managers were pulling in $65,000 to $170,000. According to Walmart, about 75% of store managers started on an hourly pay. The bonus program for the floor leaders also is being revamped.

Walmart's full- and part-time hourly store employees will be eligible for bonuses up to $1,000 per year, two executives announced via Walmart's company website on Wednesday.

By the numbers: The first payout for the new annual bonus program for hourly workers will be in March 2025, Walmart told Axios. Walmart has approximately 1.2 million U.S. associates and the majority are hourly employees, the company said.

You can keep your Associate Discount Card if you have been an associate for 20 years—or if you have been an associate for at least 15 years and are 55 or older—as long as you have not had a break in employment during that time. Need information about Medicare? Get personalized help learning about Medicare.

This year, US hourly and OTR driver associates will be eligible to receive a holiday bonus payout, depending on the length of time they've been with Walmart and whether they're full-time or part-time. The bonus payout will appear on eligible associates' regular paychecks on Dec. 7, 2023.

Some of the highest wages a worker can make at Walmart are in the job titles Director Of Software Engineering ($253,500), and title Telemedicine Physician ($230,000) which are the highest paying jobs at Walmart.

Does Walmart really pay 30 an hour? ›

Pay: Continued Investments in Higher Wages

The average U.S. hourly field associate now makes close to $18/hour. Walmart's starting hourly wage rates vary by region and role and have the following ranges: For store formats (e.g. Supercenter, Neighborhood Market grocery format): $14 to $32 per hour.

What is the starting pay for a Walmart employee? Walmart's starting pay ranges from $14 to $19 per hour, based on store location. Walmart's website lists its average hourly wage for frontline associates at $17.50 per hour.

You may get a bonus one year but nothing the next, so be sure you understand how your employer selects people to receive a year-end bonus. Executives receive higher bonuses that can multiply based on performance, while most employees earn bonuses equal to 1% to 5% of their overall salary.

This new associate bonus rewards great work and customer service and it celebrates long-term associates who build a career at Walmart: The longer an hourly store associate stays with the company, the higher their bonus potential, up to $1,000 a year.

The estimated total pay range for a Team Leader at Walmart is $44K–$63K per year, which includes base salary and additional pay. The average Team Leader base salary at Walmart is $48K per year. The average additional pay is $4K per year, which could include cash bonus, stock, commission, profit sharing or tips.

Driving the news: Walmart U.S. CEO John Furner said on a call with reporters that about 700,000 employees will be eligible for annual bonuses up to $1,000. The program recognizes performance and years with the company, Furner said. "Everything's better when turnover goes down and tenure goes up," Furner said.

Based on feedback from 275 Walmart employees about sign on bonuses, 71% said “I didn't receive a signing bonus.”In the case of employees at Walmart who did receive a bonus the most common sign on bonus received was $1,000 - $5,000.

If you have 20 consecutive years of service with Walmart, you're eligible for the Long-Term Service Discount card upon retirement. You're also eligible if you retire at 55 or older with at least 15 consecutive years of service.