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This week, retail giant Walmart announced that about 440 managers are set to earn a pay raise that will bump some employees’ salaries well into the high-six-figure range—even up to $620,000.
The grocery chain raised its minimum wage earlier this year.
Stock awards for people in those roles will also increase from $75,000 to $100,000. Minimum base pay for multi-store managers will meanwhile rise to $160,000 a year from $130,000, although the ...
A 2004 study at the University of California, Berkeley charges that Walmart's low wages and benefits are insufficient, and although decreasing the burden on the social safety net to some extent, California taxpayers still pay $86 million a year to Walmart employees. [60] [61]
Perks include higher starting minimum wages, regular raises and free job training.
Walmart (WMT) announced plans to hike its average hourly pay to more than $17.50 on Tuesday.. In a statement to U.S. employees, Walmart U.S. CEO and President John Furner said "starting next month ...
The most blatant form of wage theft is for an employee to not be paid for work done. An employee being asked to work overtime, working through breaks, or being asked to report early and/or leave late without pay is being subjected to wage theft. This is sometimes justified as displacing a paid meal break without guaranteeing meal break time.
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