{"id":392805,"date":"2020-12-03T09:18:36","date_gmt":"2020-12-03T14:18:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392805"},"modified":"2020-12-03T09:18:36","modified_gmt":"2020-12-03T14:18:36","slug":"walmart-announces-more-than-700-million-in-additional-associate-bonuses-tops-2-8-billion-in-total-cash-bonuses-to-associates-in-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-announces-more-than-700-million-in-additional-associate-bonuses-tops-2-8-billion-in-total-cash-bonuses-to-associates-in-2020\/","title":{"rendered":"Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020"},"content":{"rendered":"

<\/p>\n

Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020<\/b><\/p>\n

Company also extends associate COVID emergency leave policy to July 5, 2021<\/i><\/p>\n

BENTONVILLE, Ark.–(BUSINESS WIRE<\/a>)–
\nWalmart today announced more than $700 million in additional cash bonuses to its U.S. based associates. The company\u2019s latest bonus announcement includes $319 million in quarterly bonuses paid in associates\u2019 Nov. 25 paychecks following strong third quarter business performance and an estimated $388 million in special cash bonuses to be paid Dec. 24 in recognition of associates\u2019 sustained commitment to customers during the pandemic. Full and part-time associates are eligible for both bonuses.\n<\/p>\n

\n\u201cAs we come to a close on this historic year, I\u2019m filled with gratitude for how our associates have led through one of the most trying periods for our company and country,\u201d said John Furner, President and CEO \u2013 Walmart U.S. \u201cOur associates have stepped up to serve our customers, communities and each other when it was truly needed most, and we\u2019re pleased to recognize their efforts with a quarterly bonus for strong store performance and a fourth special cash bonus.\u201d\n<\/p>\n

\nApproximately 1.5 million full- and part-time Walmart and Sam\u2019s Club associates working in the company\u2019s stores, clubs, distribution centers and fulfillment centers will receive the special cash bonus on Dec. 24. It will be Walmart\u2019s fourth special cash bonus paid to U.S.-based associates since the start of the pandemic and will bring Walmart\u2019s total 2020 quarterly and special cash bonuses for its associates to more than $2.8 billion.\n<\/p>\n

\n\u201cThis has been an extraordinary year and we\u2019re so proud of how our associates have continued to make a meaningful difference in our communities,\u201d said Kath McLay, President and CEO \u2013 Sam\u2019s Club. \u201cToday\u2019s bonus reflects our appreciation for our associates, who show up to work each day to serve and provide relief for millions of members across the country.\u201d\n<\/p>\n

\nAll U.S.-based hourly associates are eligible for the latest special cash bonus. The bonus amounts will be similar to the previous three special cash bonuses Walmart has provided its associates during the pandemic; part-time and temporary hourly associates will receive $150 and full-time hourly associates will receive $300. More than 60% of Walmart\u2019s hourly associates are full-time. Drivers, Coaches and Assistant Managers will also receive a special cash bonus.\n<\/p>\n

Extension of Walmart\u2019s COVID-19 Leave Policy<\/b><\/p>\n

\nEarlier this year, Walmart announced a first-of-its-kind COVID-19 Emergency Leave policy<\/a> for part-time and full-time associates, which provides associates with up to two weeks of pay should they need to stay home for COVID-related reasons, including mandated quarantines, symptoms or illness. If they\u2019re not able to return to work after that time, additional pay replacement may be provided for up to 26 weeks. Absences associated with an approved COVID-19 leave will not be counted against associates. Given the ongoing pandemic, the company is extending the leave policy through July 5, 2021.\n<\/p>\n

About Walmart<\/b><\/p>\n

\nWalmart Inc. (NYSE: WMT) helps people around the world save money and live better \u2014 anytime and anywhere \u2014 in retail stores, online, and through their mobile devices. Each week, over 265 million customers and members visit approximately 11,400 stores under 55 banners in 26 countries and eCommerce websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com\/walmart and on Twitter at twitter.com\/walmart.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201203005612\/en\/<\/a><\/span><\/p>\n

\nWalmart Media Relations
\n
news.walmart.com\/reporter
\n<\/a>
Delia Garcia – 800-331-0085\n<\/p>\n

KEYWORDS:<\/b> Arkansas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Retail Discount\/Variety Retail Department Stores Supermarket<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020 Company also extends associate COVID emergency leave policy to July 5, 2021 BENTONVILLE, Ark.–(BUSINESS WIRE)– Walmart today announced more than $700 million in additional cash bonuses to its U.S. based associates. The company\u2019s latest bonus announcement includes $319 million in quarterly bonuses paid in associates\u2019 Nov. 25 paychecks following strong third quarter business performance and an estimated $388 million in special cash bonuses to be paid Dec. 24 in recognition of associates\u2019 sustained commitment to customers during the pandemic. Full and part-time associates are eligible for both bonuses. \u201cAs we come to a close on this historic year, I\u2019m … <\/p>\n

Continue reading “Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392805","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWalmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walmart-announces-more-than-700-million-in-additional-associate-bonuses-tops-2-8-billion-in-total-cash-bonuses-to-associates-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020 Company also extends associate COVID emergency leave policy to July 5, 2021 BENTONVILLE, Ark.–(BUSINESS WIRE)– Walmart today announced more than $700 million in additional cash bonuses to its U.S. based associates. 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