Wal-Mart Raises Pay to Keep Workers as Labor Market Tightens
This article is for subscribers only.
Wal-Mart Stores Inc.’s pay raises show the world’s largest retailer is taking steps to retain its workers as a strengthening U.S. labor market creates more options for job seekers.
The Bentonville, Arkansas-based retailer said it will increase pay for 500,000 of its U.S. hourly workers to at least $9 an hour by April and then to $10. The move is part of a multi-year commitment to lift both base and average wages for its U.S. workforce of 1.3 million and, through company-paid training, their skills.