The Jeff and Ed Show
Walmart is Raising Its Minimum Wage and Offering Bonuses
In a move that is thought to be related to the recently signed GOP tax legislation, Walmart is raising it's minimum wage.
The big-box retailer announced Thursday it will increase its starting wage rate for hourly employees in the U.S. to $11, and expand maternity and parental leave benefits.
Additionally, Walmart will also pay a one-time cash bonus to eligible employees of as much as $1,000. The bonuses will be determined by an employee's length of service at the company.
Those workers with more than 20 years of experience will qualify to receive the full $1,000. However, workers with less than two years of experience will receive $200.