Walmart Boosts Minimum Wage to $11, Gives Out Bonuses to Employees
- 6 years ago
Walmart Boosts Minimum Wage to $11,
Gives Out Bonuses to Employees Walmart gave credit to President Trump's
tax cut for enabling the move. Doug McMillan, Walmart CEO Doug McMillan, Walmart CEO The big-box store chain hit the jackpot, with the corporate tax cut coming all the way down to 21 percent from 35 percent. Walmart will also pay a one-time cash bonus to eligible employees of as much as $1,000. Bonuses will be determined by the length of an employee's tenure with the store. The wage increase will go into effect as soon as February and add about $300 million in costs to what Walmart was already planning for the upcoming fiscal year.
Gives Out Bonuses to Employees Walmart gave credit to President Trump's
tax cut for enabling the move. Doug McMillan, Walmart CEO Doug McMillan, Walmart CEO The big-box store chain hit the jackpot, with the corporate tax cut coming all the way down to 21 percent from 35 percent. Walmart will also pay a one-time cash bonus to eligible employees of as much as $1,000. Bonuses will be determined by the length of an employee's tenure with the store. The wage increase will go into effect as soon as February and add about $300 million in costs to what Walmart was already planning for the upcoming fiscal year.