Walmart is handing out more than $560 million in cash bonuses to 890,000 of their associates.
$160 million of the bonus is based on their stores’ quarter 4 performance and $400 million of bonuses tied to recent changes in tax law.
In Nevada, Walmart associates are receiving approximately $5.1 million in combined bonuses.
The bonuses, along with an annual pay raise for hourly field associates, are included in their Mar. 8 paycheck.
“Since 1996, I’ve had the pleasure of working for Walmart, where I’ve met some of my closest friends and committed mentors,” said Debi Nowka, claims associate at the Las Vegas Walmart Supercenter. “I’m incredibly grateful for the recent bonuses and continuing investment Walmart is making in their associates. It’s a generous gesture that will make a positive impact on everyone.”
In January, Walmart announced plans to increase the starting wage for all hourly associates in the U.S. to at least $11, expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible associates of up to $1,000.
For the full fiscal year, U.S. associates shared more than $625 million in performance-based bonuses, including more than $10.1M shared by Nevada associates.