Walmart is rolling out a new raise strategy for hourly store workers, leaked documents show
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Walmart is rolling out a new raise strategy for hourly store workers, leaked documents show
"It's about recognition, accountability, and growth,"
"Associates asked for more control over their earnings, more recognition for great work, and clearer expectations."
"Years of service are still the most significant factor in determining raises, but now worker and store performance can nudge that number up or down by as much as one percentage point, according to additional internal documents obtained by Business Insider."
"Workers who joined in the last six months are eligible for a 1% baseline raise, while those who have been at the company for five years see a baseline of 2%, followed by 2.5% for up to 10 years"
Walmart is changing reviews and raises for frontline hourly workers at US stores, shifting from tenure-based across-the-board raises to a performance-influenced model. The new plan factors attendance, teamwork, and overall store performance into raise decisions. Years of service remain the primary determinant, but performance can adjust raises up or down by as much as one percentage point. New hires within six months get a 1% baseline raise, employees with five years receive 2%, and those up to ten years receive 2.5%. The approach aims to provide recognition, accountability, growth, and clearer expectations while giving associates more control over earnings.
Read at Business Insider
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