JACKSONVILLE, Fla. – As part of what America's largest retailer called the largest single-day, private-sector pay increase ever, more than 1.2 million Walmart and Sam’s Club associates in the U.S. -- including more than 9,800 in northeast Florida -- will receive a pay raise in their paycheck this week.
The company said the increases are part of its two-year, $2.7 billion investment in higher pay, better training, clearer career paths and additional educational opportunities for its workers.
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Walmart associates are also eligible for quarterly cash bonuses based on the performance of their store. For the full fiscal year, Walmart associates across the country earned more than $550 million in bonuses, including $65.1 million in Florida.
This month’s pay changes include all employees hired before Jan. 1, 2016, who will now earn at least $10 per hour. Any entry-level associates hired after Jan. 1 will continue to start at $9 per hour until after successfully completing the company’s new retail skills and training program.