Walmart employees saw some very good news in their March 9 paychecks – according to recent reports. The world’s largest retailer by sales and size has reportedly paid out $157 million in employee bonuses this year.
The bounce in bonuses comes as part of a two-year effort Walmart has made in improving its staffing and customer service. Other efforts have included investment in additional training, education and higher wages for employees. The goal – according to Walmart – is to invest in employee skills and knowledge in a way that incentivizes workers to stay with Walmart long term. The thought is a better trained and longer-serving staff will offer a better customer experience overall.
Walmart operates 11,695 stores in 28 countries – it also operates e-commerce websites in 11 countries.
Walmart employs approximately 2.3 million associates worldwide, 2.1 million of which are in the United States. It is the nation’s largest private employer.
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