Walmart to give 565,000 hourly store associates at least $ 1 hourly increase in latest pay rise

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Walmart (WMT), the nation’s largest private employer, is raising the wages of 565,000 of its nearly 1.2 million in-store associates, marking the retailer’s third salary increase for hourly associates in the last year.

“As of September 25, associates in the Frontend, Food & Consumable and General Merchandise working groups will receive an increase of at least $ 1 per hour. This means an increase for over 565,000 store associates. This is our third salary investment in in-store associates in the past year, ”wrote US CEO John Furner in a letter obtained by Yahoo Finance.

With the latest pay rise, the average hourly wage for associates at Walmart stores in the United States is $ 16.40, according to Furner.

In March, 425,000 store associates in the digital and storage workgroups saw an increase ranging from $ 13 to $ 19 an hour, depending on location and market. Last September, Walmart increased the wages of 165,000 hourly associates in its supercenters. At the time, the retailer said his new roles as “team leader” would see a pay range of between $ 18 and $ 21 an hour with the option of going up to $ 30 an hour. Walmart also increased its hourly wage for associates in the deli and bakery fields to $ 15 or more and said its hourly workers at auto service centers would also see a pay rise.

Salinas, USA - April 8, 2014: Walmart store exterior. Walmart is an American multinational corporation that operates large discount stores and is the largest public corporation in the world.

Salinas, USA – April 8, 2014: Walmart store exterior. Walmart is an American multinational corporation that operates large discount stores and is the largest public corporation in the world.

According to Furner, “Entry-level associates are promoted to more responsible, higher-paying positions within about seven months.

“And the possibilities only continue from there; approximately 75% of our salaried store, club and supply chain management teams in the United States started their careers at Walmart in an hourly role, ”Furner added.

In Thursday’s memo, Furner touted some of the recent benefit announcements in “another trying year,” ranging from enhanced wellness benefits such as free counseling and paid time off, to the free college program. Live Better U Debt Free. He also noted that stores will be closed again on Thanksgiving Day.

Last month, Walmart reported better than expected second quarter revenue and sales. The retail giant posted quarterly revenue of $ 141 billion and in-store sales up 5.2%, beating Wall Street forecasts.

Julia La Roche is a correspondent at Yahoo Finance. Follow her on Twitter.

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