Walmart announces pay raises
RICHMOND — As part of 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 37,000 in Virginia — will receive a pay raise in their March 10 paycheck.
“The increases are part of the company’s two-year, $2.7 billion investment in higher pay, better training, clearer career paths and additional educational opportunities for its workers,” a company release stated.
According to Brian Nick, a Walmart spokesman, supercenters — such as Farmville’s — typically employ about 300 full-time and part-time employees.
“Walmart associates are 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 over $20.4 million in Virginia. In addition to the higher wages, the March 10 paycheck for eligible Virginia associates will include a share of the more than $7.8 million bonus earned in the fourth quarter of the year alone,” the release stated.