Walmart to raise hourly wages (2024)

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Walmart to raise hourly wages? ›

"And you're the driving force behind the development of our next generation of leaders." Walmart also announced that planned pay increases going into effect in February will see the U.S. average hourly wage for Walmart's approximately 1 million hourly workers climb to more than $18.00 — up from $17.50 last year.

Along with salary increases for managers, comes an increase for the company's hourly workers. Clark, who started as an hourly worker in a Washington state Walmart, said the company will invest in its non-salary workers by increasing the hourly wage to over $18.

Meanwhile, Walmart also said that average wages for hourly workers would exceed $18, up from $17.50. The increase is due to Walmart introducing some higher-paying hourly roles in its Auto Care Centers last year, among other changes, the company said.

Walmart has recently announced pay increases for employees

Base pay for store managers will increase from $117,000 to $128,000 a year, and depending on a store's profit, annual bonuses could reach up to 200% of a store manager's salary.

Here's how much Walmart employees make on average, according to a 2024 Indeed finding: Cashier: $14.52 per hour. Retail Sales Associate: $16.13 per hour. Replenishment Associate: $16.62 per hour.

The Biden Administration has worked to reverse these trends, providing federal employees a 4.6 percent pay raise in 2023 and a 5.2 percent raise in 2024. Nonetheless, federal employee pay increases have failed to keep pace with rising labor and living costs.

"And you're the driving force behind the development of our next generation of leaders." Walmart also announced that planned pay increases going into effect in February will see the U.S. average hourly wage for Walmart's approximately 1 million hourly workers climb to more than $18.00 — up from $17.50 last year.

Walmart announced in January 2023 that U.S. workers would get pay raises the following month, increasing starting wages to between $14 and $19 an hour. Starting wages had previously ranged between $12 and $18 an hour, depending on location.

Are Walmart employees getting a $2 raise? ›

Walmart's rising pay scale

At the start of 2023, the company raised its minimum wage by $2, putting its lowest hourly rates of pay between $14 and $19 depending on location — well above the federal minimum wage of $7.25 — in a bid to retain employees.

Walmart announced Thursday that its U.S. store managers will get a raise in February, increasing the average hourly wage at the superstore to more than $18. Beginning on Feb. 1, the current average salary for store managers of $117,000 will be raised to $128,000, the retail giant said.

Is Walmart 2024 Pay Schedule on a Weekly Basis? Walmart will no longer pay weekly in 2024, but will instead pay bi-weekly. All the company's employees are paid bi-weekly, on Thursdays.

Average Walmart Manager yearly pay in California is approximately $76,699, which meets the national average.

Store managers are now also eligible for annual bonuses of up to 200% of their salary. Based on the new average salary, the highest annual bonus possible and the full $20,000 stock grant, a U.S.-based Walmart Supercenter manager could earn $404,000 — or more — annually.

In 2024, Walmart still complies with its regular bi-weekly payroll for all employees. Specifically, all qualified associates will get their wages every two Thursdays, although there might be changes depending on circ*mstances.