Starting as an employee of a Walmart (WMT – Get Report) store just got lightly more lucrative as the giant retailer looks to attract more workers and improve customer service.
Today, Walmart will raise its minimum wage for store workers hired before Jan. 1 to at least $10 per hour from $9 an hour. New entry-level workers will continue to start at $9 an hour but can move to $10 an hour in as soon as six months by going through a training and development program.
Walmart workers that already earn more than $10 an hour will receive a pay increase this month of about 2%, according to the company, rather than having to wait until their anniversary date.
In total, Walmart estimates that about 1.2 million employees of Walmart U.S. and Sam’s Club will see their pay increase on Saturday, out of 1.4 million associates at its 5,000-plus stores and clubs nationwide. “It’s awesome to give a raise to more than 1 million people on the same day,” said Walmart CEO Doug McMillon on an earnings call Thursday.
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