Walmart, the nation’s largest employer, pays its U.S. store managers an average of $175,000 a year, according to a new company report.
The retailer’s inaugural Environmental, Social & Governance Report released Wednesday says all of Walmart’s 1 million-plus U.S. workers earn more than the federal minimum wage of $7.25, with the average wage for full-time hourly workers $14.26 per hour.
The 94-page report outlines the company’s goals, progress and achievements in key areas, including climate change initiatives, sustainability in supply chains and economic opportunity for employees and communities.
“We believe it’s important to run our business in a way that generates lasting value for our customers, our associates, our shareholders and for society more broadly,” wrote Walmart Inc. President and CEO Doug McMillon in a letter included with the report.
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In February, Walmart introduced paid time-off that employees can use when they’re sick or otherwise need to miss work. For having spotless attendance, employees can earn an additional 25% on their quarterly bonuses.
The retail giant also has increased education options for employees and trained about 450,000 employees last year through the Walmart Academy program.
“We’re investing in our associates through wages along with better educational opportunities, benefits and training,” McMillon said.
Here are some more notes from the report:
- Wages have climbed more than 50% over the past three years and the minimum starting wage is now $11.
- More than 75% of Walmart U.S. store operation management team members started as hourly employees.
- Promoted more than 215,000 people to jobs of greater responsibility and higher pay in Walmart U.S. stores in fiscal year 2019.
- 55% of Walmart’s total U.S. workforce is female and 43% of management is female.
- More than 50% of hourly associates are full-time.
- Walmart’s goal is to use 50% renewable energy by 2025. Currently 28% of Walmart’s electricity needs are supplied by renewable sources.
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