Walmart testing higher minimum wage for some employees
Reuters
Published Jan 25, 2020 12:50PM ET
Walmart testing higher minimum wage for some employees
(Reuters) - Walmart (NYSE:WMT) Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.
The company would offer team associates, a role it recently created, a starting wage of $12 an hour, Walmart spokeswoman Jami Lamontagne said.
That compares with Walmart's minimum wage of $11 at its more than 5,000 stores across the United States.
The team associates would be cross-trained in several functions and will have more responsibility, Lamontagne said.
The big-box retailer last raised its entry-level wages for U.S. hourly employees to $11 in early 2018 and trails rivals, including Costco Wholesale Corp (NASDAQ:COST), Amazon (NASDAQ:AMZN) Inc and Target Corp (NYSE:TGT) on the minimum wage front.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.