Walmart associates in Illinois to receive approximately $18.5 million in cash bonuses
Chicago, IL, March 8, 2018 - Today, more than 890,000 Walmart U.S. associates are receiving a share of more than $560 million in total cash bonuses, including:
• More than $160 million in cash bonuses based on their stores' Q4 performance, and
• More than $400 million in one-time cash bonuses tied to recent changes in tax law.
• In Illinois, Walmart associates are receiving approximately $18.5 million in combined bonuses.
The bonuses, along with an annual pay raise for our hourly field associates, are included in their March 8 paycheck. Between Q4 performance bonuses, tenure-based bonuses, pay increases and recent paid time off (PTO) cash outs, more than $1 billion flowed to U.S. hourly associates during the months of February and March.
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. A new adoption assistance benefit of $5,000 per child - announced in conjunction with the other changes - went into effect on Feb. 1.
Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. Hourly associates in Illinois earned more than $4.8 million, following Q4 comp sales of 2.6 percent in Walmart U.S.
• For the full fiscal year, U.S. associates shared more than $625 million in performance-based bonuses, including more than $37 million shared by Illinois associates.
• Walmart also recently cashed out to associates more than $300 million in unused paid time off (PTO).
"Here at Walmart, we know our people make the difference and that to grow and succeed as a company requires investment in our associates," said Walmart Vice President and Regional General Manager Dale Murphy. "We thank our Illinois associates for their hard work and stellar performance. When our associates succeed, we succeed."
Walmart in Illinois
Walmart's recent pay raises are just one part of the company's local investment and impact. In Illinois, the company:
• Operates 195 retail units.
• Spent $34.8 billion with local suppliers, supporting more than 167,000 supplier jobs in 2017.*
• Paid more than $244.3 million in taxes and collected more than $646.7 million in sales taxes in 2017.
*Information supplied by Dun & Bradstreet