NEW ORLEANS – Walmart has announced that it will be offering local employees to receive one or more of the following options in their upcoming paycheck: a one-time cash bonus up to $1,000 or a Q4 bonus based on their store's sales performances.
Earlier this year, the retail giant released a statement claiming its commitment to its employees. Walmart said it was going to expand its paid leave policy to provide full-time hourly associates with 10 weeks of paid maternity leave and six weeks of paid parental leave. The paid parental leave will also apply to salaried employees who adopt a child. In addition, Walmart said they began offering associates a $5,000 credit toward the cost of adoption.
The bonus options will be given out today to local Walmart employees. The company claims it is the largest employer in New Orleans.
-by Biz staff writer
Update 10 a.m.:
In Louisiana, Walmart associates are receiving approximately $13.7 million in combined bonuses.
Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. Hourly associates in Louisiana earned more than $4.1 million following Q4 comp sales of 2.6 percent in Walmart U.S.
· For the full fiscal year, U.S. associates shared more than $625 million in performance-based bonuses, including more than $27.3 million shared by Louisiana associates.
· Walmart also recently cashed out to associates more than $300 million in unused paid time off (PTO).
In Louisiana, the company:
· Operates 139 retail units.
· Spent $521 million with local suppliers, supporting 25,000 supplier jobs in 2017.*
· Paid more than $97 million in taxes and collected more than $579 million in sales taxes in 2017.
