WALMART has announced a pledge to raise their minimum wage from $12 to $14 in an effort to entice additional workers to the company.
“We’re focused on investing in you — our store associates — through higher wages and new opportunities to gain the skills to serve tomorrow’s customers and grow a career with Walmart,” Furner said.
“No matter where you are in your journey, getting your start here can open doors — the first step into jobs that become careers and build better lives,” he added.
Walmart has sought to attract and retain workers with several incentives, including paying for college degrees through the Live Better U program and the Driver-to-Associate program, which helps workers earn commercial driver’s licenses.
Even though the department store’s pay increase places it well above the federal minimum wage of $7.25 per hour, it is still in line with several states’ standards, like Rhode Island and Illinois ($13/hour), Vermont ($13.18/hour), Maryland ($13.25/hour), Oregon ($13.50/hour), and Maine ($13.80/hour).
However, Walmart is still chasing behind other competitors, like Target and Amazon, which boast a $15 minimum wage.
Yet, the wage increase is a glimmer of hope as many companies, especially in the tech industry, are undergoing to mass lay-offs.
Other retailers have also announced waves of store closures amid a so-called retail apocalypse.
Walmart, which is the largest private employer in the United States, still has thousands of open store job listings on its website.
“At Walmart, we know our people make the difference. That’s never been more true than today – your talent and dedication to your customers is helping them live better lives every day,” Furner noted.
The department store executive is hopeful that more people will join the Walmart workforce.