ARKANSAS – Walmart CEO John Furner announced Tuesday the corporation’s minimum wage for its U.S. workforce of nearly 1.7 million will increase this year, telling associates in a company-wide memo the move is one of several ways “we’re focused on investing in you.”
“This includes a mixture of associates’ regular annual increases and targeted investments in starting rates for thousands of stores, to ensure we have attractive pay in the markets we operate,” Furner said in a statement.
Overall minimum wage at Walmart will increase from $12 to $14 an hour, reflected in March 2 paychecks; the corporation expects its average U.S. hourly wage to rise above $17.50, the memo reads.
Walmart also intends to either add or bolster certain higher-paying positions at its Auto Care Centers, add new degrees and certifications to its Live Better U education program and expand its Associate-to-Driver program for store employees looking to operate trucks, according to the memo.
Florida’s minimum wage rose in September to $11 an hour, part of a 6-year plan that will eventually see a $15 hourly wage by 2026.
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