Walmart is giving its workers a huge pay raise and a cash bonus of up to $1,000 (WMT)

walmart employees

  • Walmart is raising hourly pay from $9 to $11 as a result of recent tax law changes.
  • It's also offering employees a one-time cash bonus of up to $1,000, expanded maternity and parental leave benefits, and assistance with adoption expenses.
  • The changes will impact more than one million Walmart employees in the US.

Walmart is raising starting wages for hourly employees to $11 and offering a one-time cash bonus of up to $1,000, the company said Thursday.

The retailer is also expanding maternity and parental leave benefits, as well as creating a new benefit to assist with adoption expenses.

Previously, Walmart's starting hourly pay was $9 for all part-time employees amd $10 for those who completed a training program.

The wage and benefit changes will impact more than one million Walmart employees in the US.

Walmart CEO Doug McMillon said the changes are a direct result of recent tax law changes.

"We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders," McMillon said in a statement. "However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology."

"Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the US," he added.

Join the conversation about this story »

NOW WATCH: Breakfast at Tiffany's is finally a reality — here's what it's like to dine at the new Blue Box Café




Trending News