California Walmart Stores to Provide One-Time Bonus and Expand Hourly Maternity and Parental Leave for Associates
23 January 2018 - 10:00PM
Business Wire
More than 87,100 California Walmart associates
to share in raises and one-time cash bonuses totaling $27.6
million
Recently, Walmart announced plans to expand maternity and
parental leave benefits and provide a one-time cash bonus for
eligible associates of up to $1,000. The company is also creating a
new benefit to assist associates with adoption expenses. The
combined bonus and benefit changes will benefit the company's more
than one million U.S. hourly associates, including more
than 87,100 Walmart associates in California.
"We are building on investments we've been making in associates,
in their wages and skills development," said Doug McMillon, Walmart
president and CEO. "It's our people who make the difference and we
appreciate how they work hard to make every day easier for busy
families."
Associates will continue to hear more from their managers in the
coming days about details.
But, broadly, associates in California will benefit
through:
- A one-time bonus benefiting all
eligible full and part-time hourly associates. The amount of the
bonus will be based on length of service, with associates with at
least 20 years qualifying for $1,000. In California, the
wage increases and one-time cash bonus is estimated to total
$27,590,000 for eligible associates.
- An expanded parental and maternity
leave policy, providing full-time hourly associates in the U.S.
with 10 weeks of paid maternity leave and six weeks of paid
parental leave. Salaried associates will also receive six
weeks of paid parental leave.
- Walmart will provide financial
assistance to associates adopting a child. The adoption benefit,
available to both full-time hourly and salaried associates, will
total $5,000 per child and may be used for expenses such as
adoption agency fees, translation fees and legal or court
costs.
"Walmart's continued investment in people will keep their
workforce strong but will also strengthen hundreds of California
communities," said Bill Dombrowski, President and CEO of the
California Retailers Association. "Walmart's initiative will
directly impact the daily lives of tens of thousands of
Californians."
About Walmart
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. The company's
legal name will become Walmart Inc., effective on Feb. 1, 2018, to
reflect its growing status as an omni-channel retailer. Each week,
over 260 million customers and members visit our more than 11,600
stores under nearly 60 banners in 28 countries and eCommerce
websites. With fiscal year 2017 revenue of $485.9 billion, Walmart
employs approximately 2.3 million associates worldwide. Walmart
continues to be a leader in sustainability, corporate philanthropy
and employment opportunity. Additional information about Walmart
can be found by visiting http://corporate.walmart.com, on
Facebook at http://facebook.com/walmart and on Twitter
at http://twitter.com/walmart.
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version on businesswire.com: http://www.businesswire.com/news/home/20180123005601/en/
Wal-Mart Stores, Inc.Becky Warren,
916-607-0129becky@elevatepublicaffairs.com
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