You have reached your limit of free articles this month.

Enjoy unlimited access to myAJC.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myAJC.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myAJC.com.

Atlanta Walmart employees get bonuses totaling $6.3 million


Almost 10,800 Walmart employees in metro Atlanta are getting an extra bump in pay this week thanks to bonuses from the giant retailer.

The Bentonville, Ark., based company, the nation’s largest employer, said it is paying out $6.3 million in bonuses to 10,798 metro Atlanta employees based on the fourth-quarter performance of the stores where they work. That averages out to $583 per employee.

Last September, about a million employees company-wide got bonuses averaging $220, according to Reuters.

Employees will also see annual raises in this week’s paychecks, the company said. With 31,000 employees in Georgia, the company rivals Delta Air Lines as one of the state’s largest employers. For several years, the Atlanta airline also has paid out across-the-board bonuses to its employees based on various company performance measures.

Walmart’s pay perks mark something of a change in direction.

The discount retailer, which also operates Sam’s Club stores, has carpeted the nation with big box stores that offer customers a huge range of products and cheap prices. But the company also has long drawn criticism for paying low wages to its workers and for putting many Main Street stores out of business.

More recently, it has faced challenges competing with online retailers, particularly Amazon.

Last year, Walmart promised to pay most of its employees at least $10 an hour, and to begin paying bonuses. It paid one-time bonuses of between $180 and $220 to its U.S. employees last year and promised additional bonuses based on the performance of the stores where they work.

Nationwide, Walmart said it is paying out $157 million in bonuses this week to its 850,000 employees based on performance during its fiscal fourth quarter, which ended Jan. 31. For the year, Walmart said it paid out more than $700 million in bonuses.

“The purpose of the bonuses is to thank our associates for their hard work and superb performance,” said Paul Lewellen, Regional General Manager for Walmart in the southeast. “When our associates succeed, the entire company succeeds.”

Last month, Walmart reported net income of $13.6 billion for its most recent fiscal year, down 7 percent from its previous year. Revenue increased 0.8 percent, to almost $486 billion.

But Walmart said it also had its best comparable sales growth of the year during its fourth quarter — up 1.8 percent. That measure compares sales at stores open at least a year.



Reader Comments ...


Next Up in Business

AT&T moving entertainment jobs out of Atlanta
AT&T moving entertainment jobs out of Atlanta

AT&T is moving several hundred jobs out of metro Atlanta and shifting them to Los Angeles and Dallas. The company confirmed Thursday that it plans the transfer but declined to offer details or to explain the reasons. “Our Entertainment Group will be moving a few hundred managerial jobs from Atlanta to Los Angeles and Dallas,” Lance Skelly...
Info on Home Depot customers exposed (but no financial data)
Info on Home Depot customers exposed (but no financial data)

 A spread sheet listing about 8,000 customers, along with their transaction and a range of personal information, was posted for an unknown amount of time, on a Home Depot web site. No financial data was part of the list, which did not compare with the 2014 data breach in which hackers installed software that provided them with personal and financial...
Home Depot under fire over lead paint removal
Home Depot under fire over lead paint removal

Home Depot faces investigations and fines for a series of cases in which its contractors mishandled lead paint removal in at least three states. Three federal agencies have said they are looking into the actions of contractors working for the Atlanta-based home improvement giant in Connecticut, Maine and Colorado, an issue first reported by WSB-TV...
Atlanta unemployment down: 7 ways to pretend you know what you're talking about
Atlanta unemployment down: 7 ways to pretend you know what you're talking about

The metro Atlanta unemployment rate fell in March to 4.6 percent from 4.9 percent in February, the state Labor Department reported Thursday.  After seven years of job growth, the metro jobless rate has fallen back below the level of Dec. 2007, the month that the Great Recession began. Since hitting bottom, the economy has added 489,000 jobs...
Time to get a good night’s sleep
Time to get a good night’s sleep

You’ll really appreciate a good night’s sleep after using the Sound+Sleep Suite from Adaptive Sound Technologies. The audio sleep device provides the right amount of ambient noise with natural sounds for the perfect shut-eye environment. Technology called Adaptive Sound, which uses a built-in microphone that allows the volume to adjust...
More Stories