Walmart’s employees will soon reap the benefits of the recent tax law changes, as the company raises its starting wage and distributes bonuses to eligible workers.
The big-box retailer announced Thursday it will be increasing its starting wage rate for hourly employees in the U.S. to $11, and is expanding maternity and parental leave benefits. Walmart also will pay a one-time cash bonus to eligible employees of as much as $1,000.
Currently, Walmart’s starting wage is $9 until workers complete a training program. Then, they receive $10.
The company is also creating a new benefit that provides financial assistance to its employees who are looking to adopt a child, giving them as much as $5,000 per child to cover expenses such as adoption agency fees, translation fees and legal costs. Click here for more.