walmart tax bonus for employees
Your tax reform questions answered Walmart is raising its minimum wage and handing out tax cut bonuses because of the new Republican tax law. The retail company said the wage hike to $11 an hour would roll out in February. Employees are also getting a one-time bonus of up to $1,000. Walmart previously raised its minimum pay for most employees to $10 an hour in 2015. As of December, the average pay for full-time workers was $13 an hour. Today, we are building on investments we've been making in associates, in their wages and skills development, Walmart president and CEO Doug McMillon said in a news release.