- Walmart says it is raising hourly pay to $11 from $9 as a result of the new US tax law.
- It's also offering employees a one-time cash bonus of up to $1,000, expanded maternity and parental-leave benefits, and assistance with adoption expenses.
- The company says the changes will affect more than 1 million of its US employees.
Walmart is raising starting wages for hourly employees to $11 and offering a one-time cash bonus of up to $1,000, the company said Thursday.
The retailer is also expanding maternity and parental leave benefits, as well as creating a new benefit to assist with adoption expenses.
Previously, Walmart's starting pay was $9 for all hourly employees, or $10 for those who completed a training program.
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The wage and benefit changes will take effect in February and impact more than one million Walmart employees in the US, the company said.
Walmart CEO Doug McMillon said the changes are a direct result of recent tax law changes.