Walmart Associates In NM Share $1.6 Million In Bonuses

WALMART News:
 
ALBUQUERQUE Thursday more than 915,000 Walmart U.S. associates across the country are receiving a share of more than $200 million in cash bonuses based on their stores’ Q2 performance.
 
The bonuses are included in associates’ Sept. 6 paycheck.
 
Walmart associates earn quarterly bonuses as part of an overall incentive plan designed to reward associates whose stores achieve sales and customer service goals. In total, hourly associates in New Mexico earned more than $1.6 million in Q2 bonuses. These bonuses come on the heels of the best performance for Walmart U.S. in more than 10 years– with comp sales growth (excluding fuel) of 4.5 percent — along with an increase in customer traffic of more than two percent.
 
“At Walmart, we believe in celebrating our associates and sharing in the company’s wins,” said Paula Ginnett, Walmart vice president and regional general manager for New Mexico. “New Mexico associates are what make our stores successful. Their tireless efforts in focusing on what customers want and need have resulted in increased sales across the state and these bonuses are one way that we show our appreciation.”
 
The recent strong sales and traffic figures build on the positive momentum of the U.S. business, which has enabled a positive local impact across New Mexico through associate bonuses, wage increases and innovation and improvement to stores, among other investments.
 
In January, Walmart announced plans to increase the starting wage for all hourly associates in the U.S. to at least $11, expand maternity and parental leave benefits, and provide a one-time cash bonus for eligible associates of up to $1,000. Walmart also recently announced a commitment to train and develop one million associates over the next five years and introduced a new education benefit for associates, which includes free college credit for on-the-job training and options for associates to earn a college degree without incurring student loan debt.
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