Retail behemoth Walmart is boosting pay for its U.S. workers, announcing a series of investments Tuesday aimed at attracting and retaining talent in the tight labor market.
Walmart U.S. CEO John Furner informed associates in a message that beginning next month, the company will start raising annual increases for employees and will hike starting rates at thousands of stores “to ensure we have attractive pay in the markets we operate.”
Furner says the company expects the raises will bring the average pay for a U.S. Walmart associate to above $17.50 per hour.
In addition to the broader pay hikes, the company is also making targeted investments in three particular areas as part of the initiative.
The CEO said Walmart is introducing a new team lead position for its Auto Care Centers, another higher-paying position on top of the “coach” role added …