(January 11, 2018 at 12:44 pm)alpha male Wrote: https://www.cnbc.com/2018/01/11/walmart-...-bill.html
Quote:Walmart's workers will soon reap the benefits of the recent tax law changes, as the world's largest private employer raises its starting wage, creates new benefits and distributes bonuses to eligible workers.
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. Currently, Walmart's starting wage is $9 until workers complete a training program. Then, they receive $10.
Walmart will also pay a one-time cash bonus to eligible employees of as much as $1,000. The payouts, which should total roughly $400 million, will result in a one-time charge that the company will take in its fiscal fourth quarter.
It needs to be noted that Walmart only extends leave benefits to full-time employees. It's no coincidence that they have an active policy of keeping non-management employees only working between 20 and 30 hours per week ... so that they need not provide benefits.
This is an empty PR move.
