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 more than 8,100 in Las Vegas and more than 12,600 in the state of Nevada 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 $7.9 million in Nevada.
In addition to the higher wages, the March 10 paycheck for eligible Nevada associates will include a share of the more than $2.6 million bonus earned in the fourth quarter of the year alone.
Last year, Walmart U.S. and Sam’s Club promoted more than 200,000 associates, including more than 3,000 in Nevada, to jobs with higher pay and more responsibility.
In addition, more than 150,000 associates, including more than 1,700 in Nevada were converted from part-time to full-time.
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.