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

5 surefire ways to get to retire earlier than you thought
5 surefire ways to get to retire earlier than you thought

Retirement can seem like a difficult goal to reach, so the thought of achieving it early may seem downright impossible. But getting to retirement quicker doesn't require genius-level investing knowledge or extreme deprivation. With a plan, hard work and discipline, you may be able to get there sooner rather than later. Consumer adviser Clark Howard ...
Like your workplace, tell us about it

You say you work for a great company with an encouraging and inclusive atmosphere. You say you have good benefits. You say your bosses are fair, sympathetic, understanding. Then why not share the good news? And, there’s still time to do it because the nomination deadline has been extended to Nov. 17. In March, The Atlanta Journal-Constitution...
Coke rejects charges of deceit in Diet Coke’s name
Coke rejects charges of deceit in Diet Coke’s name

A lawsuit has been filed against Coca-Cola charging the company with falsely advertising Diet Coke — allegations that the company vehemently rejects. The plaintiffs say that, instead of aiding in weight loss, the drink actually promotes weight gain and – worse – triggers other health problems, according to a report in Top Class Actions...
Wes Moss: Why bitcoin is a big deal, and why you should be careful
Wes Moss: Why bitcoin is a big deal, and why you should be careful

Bitcoin. It’s everywhere. Thanks to its skyrocketing value, it’s been a regular topic on the front page of every financial website. One bitcoin is currently worth $5,500, up from $1,000 in December. I hear what you’re thinking. Wow. So, what’s bitcoin? And am I missing out on something? Bitcoin, simply put, is a currency, similar...
Athenahealth cutting jobs, but outlook in Atlanta unclear
Athenahealth cutting jobs, but outlook in Atlanta unclear

Athenahealth, the Massachusetts-based electronic medical records company with a substantial operation in metro Atlanta, said Thursday it plans to cut its workforce by 9 percent as part of a cost cutting plan. It’s unclear how many jobs in Atlanta might be affected, but before Thursday, Athenahealth had been in growth mode in the Atlanta area...
More Stories