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Walmart ends quarterly bonuses, as it raises employees’ hourly pay

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Florida, Miami, Walmart discount department store, check out lines.

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Walmart will end quarterly bonuses, as it raises hourly wages for store employees and other workers.

A company spokeswoman confirmed Thursday that the big-box retailer is eliminating the additional pay on Jan. 31, 2022, and rolling it into its workers’ base pay. The bonuses — dispersed four times per year — have been paid out for decades.

Walmart spokeswoman Anne Hatfield said the change will make compensation more consistent and predictable for employees. The development was first reported by The Wall Street Journal.

Walmart announced the new pay structure in a memo…



Source cnbc.com

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