Walmart Testing Higher Minimum Wage for Some Employees

Reuters  |

Image: Walmart Inc.

(Reuters) - Walmart Inc is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.

The company would offer team associates, a role it recently created, a starting wage of $12 an hour, Walmart spokeswoman Jami Lamontagne said.

That compares with Walmart’s minimum wage of $11 at its more than 5,000 stores across the United States.

The team associates would be cross-trained in several functions and will have more responsibility, Lamontagne said.

The big-box retailer last raised its entry-level wages for U.S. hourly employees to $11 in early 2018 and trails rivals, including Costco Wholesale Corp, Amazon Inc and Target Corp on the minimum wage front.

Reporting by Praveen Paramasivam in Bengaluru and Nandita Bose in Washington; Editing by Arun Koyyur and Shounak Dasgupta.

_____

Source: Reuters

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer. The author of this article, or a firm that employs the author, is a holder of the following securities mentioned in this article : None


Discover: Trending Events

United Nations
EU Parliament
Humanity 2.0
World Economic Forum

Companies

Symbol Name Price Change % Volume
TGT Target Corporation 117.39 -0.44 -0.37 2,866,708 Trade
COST Costco Wholesale Corporation 323.02 0.97 0.30 1,413,768 Trade
WMT Walmart Inc. 117.68 -1.95 -1.63 7,187,773 Trade
AMZN Amazon.com Inc. 2,170.22 14.55 0.67 2,561,201 Trade

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

Blockchain in Fintech - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Financial Market Infrastructure