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 $16 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 ...