Walmart-Owned Sam's Club Raises Hourly Wage for 100,000 Workers
WMTWalmart(WMT) Investopedia·2024-09-18 04:45

Key TakeawaysSam's Club is raising its entry-level wage to 16andisincreasingtherateatwhichpayriseswithyearsofservice.Themembership−basedretaileranticipatestheaveragehourlywageforSam′sClubfront−lineassociateswillbeabove16 and is increasing the rate at which pay rises with years of service.The membership-based retailer anticipates the average hourly wage for Sam's Club front-line associates will be above 19.The move affects nearly 100,000 Sam's Club employees. Sam's Club has introduced an employee compensation plan that raises the average hourly wage for almost 100,000 employees. The Walmart-owned (WMT) membership-based retail chain is increasing its entry-level ...