Walmart Responds to Changing Retail Structure, Increased Pickup and Delivery With Pay Hikes
Walmart (NYSE: WMT) announced in a press release today it's boosting the pay of approximately 165,000 of its associates. It has slated increases not only to hourly minimums but to the possible pay range of multiple positions as well. The pay hike isn't occurring in isolation, but is part of a restructuring effort begun by Walmart to adjust to the new post-coronavirus retail model, with much stronger pickup and delivery demand along with other changes.
The pay raise is directly related to the introduction of what the company calls a "team-based operating model" in its Supercenters, aimed at increasing the flexibility of individual stores to respond to customers and local conditions. Walmart U.S. Chief Operating Officer Dacona Smith describes the new initiative as a move "creating small teams of associates who will be cross-trained and given ownership of the work and their area for everything from in-stock to visual standards."
Image source: Walmart Inc.
Source Fool.com
