San Diego County CA— Walmart announced on Thursday that more than 850,000 Walmart associates in the U.S., including 5,500 in San Diego, and more than 49,500 in California, will receive a share of more than $157 million in cash bonuses based on their stores’ performance in the fourth quarter. The bonuses, along with an annual pay raise, will be included in their March 9 paycheck.
Walmart associates can earn quarterly bonuses based on the performance of their store. Workers in San Diego will share more than $640,000 in bonuses. The bonuses come on the heels of Walmart U.S. recording its strongest comp sales performance of the year in the fourth quarter at 1.8 percent. Customer service and inventory have also improved. For the full fiscal year, U.S. associates shared more than $700 million in bonuses.
“We are thankful for the incredible associates in our region and their hard work to make Walmart the company it is today,” said Angela Wilson, Regional General Manager for Walmart. “Walmart succeeds when our associates succeed, and these bonuses are an investment into their success.”
Doug McMillon, Walmart President and CEO, shared his own “Thank You” message to associates this morning on Facebook. View the video here.
Over the past two years, Walmart has invested billions of dollars in training, education and higher wages. These investments offer associates skills, knowledge and tools to help them grow with the company and provide great customer service during a time of rapid change in shopping habits. During 2016, Walmart launched new training programs for entry-level associates, frontline supervisors, department managers and assistant managers, creating clearer career paths and preparing them to succeed in a new, technology-enabled age of retail.
Opportunity an Advancement
A job at Walmart means opportunity for associates, no matter their education or work background, and when associates are successful, the company is successful. Opportunity and advancement highlights from fiscal year 2017 include:
- Walmart U.S. promoted more than 200,000 associates, including 15,304 in California, to jobs with higher pay and more responsibility.
- More than 150,000 associates, including 9424 in California were converted from part-time to full-time.
- More than 75% of current store management teams started as hourly workers.
- Walmart opened 40 Training Academies — physical facilities that serve as learning hubs for hourly supervisors, department managers and assistant managers from approximately 25 area stores.
Walmart in California
Walmart’s recent pay raises are just one part of the company’s local investment and impact. In California, the company:
- Operates 301 retail units.
- Spent $20 billion with local suppliers, supporting 226,507 supplier jobs in FYE17.*
- Paid more than $315.6 million in taxes and collected more than $1 billion in sales taxes in FYE16.
*Information supplied by Dunn & Bradstreet