COLUMBUS, Ohio – As part of the largest single-day, private-sector pay increase ever, more than 1.2 million Walmart and Sam’s Club associates in the U.S., including 5,267 in the Dayton area and more than 44,000 in the state of Ohio, will receive a pay raise in their March 10 paycheck.
The increases are part of the company’s two-year, $2.7 billion investment in higher pay, better training, clearer career paths and additional educational opportunities for its workers.
Walmart associates are eligible for quarterly cash bonuses based on the performance of their store. For the full fiscal year, Walmart associates across the country earned more than $550 million in bonuses, including more than $25.6 million in Ohio. In addition to the higher wages, the March 10 paycheck for eligible Ohio associates will include a share of the more than $9 million bonus earned in the fourth quarter of the year alone.
“Six years ago I started at Walmart as a sales associate. It has been a very positive experience working here and I enjoyed the different opportunities that I’ve been offered,” said Brittney Byrd, a department manager at the Walmart in Franklin. “Walmart has enabled me to work full time, support my family and pursue a degree in pre-school education. Now with this wage increase and the opportunities Walmart continues to offer, I may have to reconsider my career path.”
Walmart’s associate investment is about more than wages and benefits. It is designed to provide associates the skills, knowledge and tools they need to grow with the company and provide great customer service. The company is also creating new training programs, which will create clear career paths from entry-level positions to jobs with more responsibility and higher pay.
Wages and advancement
A job at Walmart means competitive pay for all associates. Last year, Walmart U.S. and Sam’s Club promoted more than 200,000 associates, including 9,002 in Ohio, to jobs with higher pay and more responsibility. In addition, more than 150,000 associates, including 5,317 in Ohio were converted from part-time to full-time. This month’s pay changes include:
- All associates hired before Jan. 1, 2016 will earn at least $10/hour.
- New entry-level associates hired after Jan. 1 will continue to start at $9/hour and will move to at least $10/hour after successfully completing the company’s new retail skills and training program known as Pathways.
- Associates already earning more than $10/hour will see their annual pay increase starting in March rather than waiting until their anniversary date.
- Walmart is raising the starting rate of its non-entry level hourly pay bands. Anyone earning below the new minimum will automatically move up to the new minimum.
- Associates at or above their pay band maximum will receive a one-time lump sum payment equal to 2 percent of their annual pay.
Walmart in Ohio
Walmart’s local investment goes beyond the company’s recent pay raises. In Ohio, the company:
- Operates 174 retail units.
- Spent $14.5 million with local suppliers, supporting 96,675 supplier jobs in FY15.
- Paid more than $154 million in taxes and collected more than $475 million in sales taxes in FY15.
This associate investment was taken into account in the financial outlook discussed last October at the company’s annual analyst meeting.