Walmart hands out another round of employee bonuses
Walmart is handing out another round of cash bonuses to thank its employees for working during the coronavirus pandemic.
The retailer says it will pay a bonus of $300 to full-time hourly associates and $150 to part-time hourly and temporary associates—totaling more than $390 million. Rewards will be given to hourly associates in stores, clubs, supply chain and offices, and drivers and assistant managers in stores and clubs, the retailer says.
“Walmart and Sam’s Club associates continue to do remarkable work, and it’s important we reward and appreciate them,” says John Furner, president and CEO of Walmart U.S.
This will be the company’s second cash bonus in response to the coronavirus pandemic. In early April, it handed out the same amount—$300 for full-time hourly associates and $150 for part-time hourly associates, amounting to $365 million.
The bonus announcement follows McDonald’s similar announcement. The fast food company is awarding bonuses to every worker at its company-owned stores—equivalent to 10% of the workers’ pay earned in May.
“Our restaurants remain open and continue to serve meals to our frontline heroes who are working hard in communities across the country,” McDonald’s said in an emailed statement to HRE. “This bonus is another way we can appreciate our restaurant employees who make it all possible.”
A handful of other companies have turned to bonuses as a way to reward and help employees during the coronavirus pandemic. Kroger, for instance, in March provided a one-time bonus to every hourly frontline grocery, supply chain, manufacturing and customer service associate, amounting to $300 for full-time associates and $150 for part-time associates. Financial services firm Ally Financial gave employees making $100,000 or less a one-time $1,200 tax-free financial assistance payment to help with incremental costs related to working from home. Facebook and JPMorgan also handed out financial payments to employees to help.