Latest news with #LiveBetterU
Miami Herald
2 days ago
- Business
- Miami Herald
Walmart gives employees a generous new perk
Walmart, the world's largest retailer, has long been criticized for paying its employees wages so low that many must rely on public assistance programs to make ends meet. A 2020 Government Accountability Office (GAO) report revealed that millions of full-time workers earning poverty-level wages qualify for federal benefits such as Medicaid and Supplemental Nutrition Assistance Program (SNAP); Walmart was among the top employers of SNAP and Medicaid recipients in the states included in the report, according to the Los Angeles Times. Don't miss the move: Subscribe to TheStreet's free daily newsletter Of course, many other large retail and food businesses have been found to underpay their workers, shifting the burden of supporting low-wage employees onto taxpayers. Amazon (AMZN) and McDonald's (MCD) are big organizations with significant numbers of employees who depend on assistance programs. (The U.S. Military, while not a private corporation, is another massive organization with many members who rely on government assistance.) Critics point out that taxpayers effectively subsidize employees' wages at profitable corporations, allowing these companies to maintain low labor costs while raking in substantial profits. This situation raises questions about the fairness of a system where taxpayers support corporate profits through public assistance programs. Employees and worker advocates alike have criticized Walmart, and the company is trying to improve its employees' financial well-being. The company introduced initiatives like the "Live Better U" program, which offers employees affordable education and skills training. The latest Walmart (WMT) employee perk is a 10% discount on groceries, and it's meant to ease employees' financial strain. Walmart announced on LinkedIn changes to its Walmart Associate Discount Card and will offer all U.S. employees the discount on groceries, including meat and dairy. Previously the discount was offered only during the holidays. The program applies to both full- and part-time employees. It is intended to help with the rising costs of food and household essentials affecting nearly every U.S. citizen. Related: $4 Trader Joe's bags are going viral (again), so grab one while you can Additionally, Walmart has raised its starting wages in certain locations and implemented bonuses for long-term employees. However, some worker advocates argue that these measures are insufficient and that a more comprehensive approach, including higher base wages and improved benefits, is necessary to reduce workers' dependence on public assistance. The Walmart program has plenty of critics. They point out that perks and discounts are helpful but do not replace fair compensation. Walmart's starting wages in the U.S. currently range from $15 to $17 per hour; every state has a different minimum wage. This rate is well above the federal minimum of $7.25, according to the U.S. Department of Labor, but is still often insufficient to cover the cost of living in many parts of the country, especially for employees who are supporting families. Even full-time workers at the upper end of the hourly scale may struggle with rent, health care, and child care costs, forcing them to turn to government programs to fill the gap. More Retail: Walmart CEO sounds alarm on a big problem for customersTarget makes a change that might scare Walmart, CostcoTop investor takes firm stance on troubled retail brandWalmart and Costco making major change affecting all customers The new grocery discount may provide immediate relief for Walmart employees, but it does not solve the systemic challenge of inadequate pay. Inflation and the cost of living continue to rise, so every little bit helps, and some see Walmart's move as a potential model. Others point out that perks are no substitute for a living wage. Related: Trader Joe's quietly pulls popular product, confuses fans The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Cision Canada
22-05-2025
- Business
- Cision Canada
Walmart Canada announces additional $32.7 million pay investment for retail and health associates Français
MISSISSAUGA, ON, May 22, 2025 /CNW/ - Today, Walmart Canada announced it is investing an additional $32.7 million in pay increases for eligible retail hourly, salaried and health associates. This builds on the nearly $200 million in pay increases and benefit enhancements Walmart Canada announced in 2024 to support eligible associates across supply chain and retail. These planned investments underscore the retailer's commitment to being a competitive, people-led employer in the Canadian market. "At Walmart Canada, we believe in the power of people. Our associates, the heartbeat of our organization, are key to our success," said Venessa Yates, President and CEO of Walmart Canada. "As we continue to grow, it's our associates who are driving us forward. This investment demonstrates our unwavering commitment to support their growth through higher pay, competitive benefits, and career development programs." The company regularly conducts compensation reviews to ensure its associates are offered competitive pay, along with some of the best benefits and career development offerings in the market. "Our associates are our greatest asset, and investing in good jobs is key to attracting and retaining top talent," said Steve Schrobilgen, Chief Operations Officer, End to End. "When associates have access to the right tools, meaningful training, and support for their well-being, they can achieve more – for our customers, for themselves and for their futures." Walmart Canada is a workplace where associates can build fulfilling long-term careers, supported by competitive compensation, strong benefits and a culture of growth. The company offers a comprehensive Total Rewards package that includes: Annual bonus aligned with company performance Comprehensive benefit coverage including enhanced prescription drug coverage, health and dental, fertility treatment, and mental health care Access to free and confidential 24/7 virtual care, employee assistance programs, and well-being programs through TELUS Health A deferred profit-sharing retirement plan and a discounted stock purchase program. In addition, Walmart Canada continues to invest in skills development and education offerings for associates who are looking to accelerate their growth, obtain in-demand credentials, or receive a degree or licensing for a specialized role. Through its Live Better U (LBU) education program, Walmart Canada covers 100% of the cost of tuition and books for courses to help associates gain future-ready skills. LBU was designed with the associate in mind by offering online, flexible programs to help them balance work, life and continuing education. To date, more than 5,700 associates have taken part in the program. About Walmart Canada Walmart Canada operates a chain of more than 400 stores nationwide serving 1.5 million customers each day. Walmart Canada's flagship online store, is visited by more than 1.5 million customers daily. With more than 100,000 associates, Walmart Canada is one of Canada's largest employers and is ranked one of the country's top 10 most influential brands. Walmart Canada's extensive philanthropy program is focused on supporting Canadian families in need, and since 1994 Walmart Canada has raised and donated more than $850 million to Canadian charities. Additional information can be found at and on Walmart Canada's social media pages – Facebook, X (formerly known as Twitter), Instagram and LinkedIn.
