Retail company Walmart, has announced cash bonuses to its full-time and part-time hourly employees in the US, for working amid the coronavirus pandemic. The bonuses will cost it almost US$550 million, which includes special reward bonuses for keeping the stores stocked during this period of high demand.
It also plans to hire 150,000 new employees by the end of May, 2020. Interested candidates may apply at email@example.com.
The American multinational company has released a statement saying that each full-time and part-time hourly employee will receive $300 and $150, respectively. Also, the bonus is for all the hourly employees in stores, clubs, supply chain and offices.
As of March 1, every hourly employee hired by the retail firm will qualify, and the bonuses will be paid out on April 2.
According to Walmart, it will also be providing its next scheduled quarterly bonus for store, club and supply chain associates a month early. I will pay those bonuses as if it had achieved its first-quarter plan. This amount may increase based on each associate’s performance, but no associate will receive less than the normal amount.
The hourly employees will receive bonus payments on March 19, April 2, April 30 and May 28.
The new employees hired by the company, on the other hand, will be temporary at first and may go on to becoming full-time staff members.