According to Reuters, in an internal memo to managers revealed today, Walmart says that 1,434 of its stores nationwide will be forced to increase wage rates because of new minimum wage laws in cities and states across the country. The Wal-Mart memo shows that there will be changes to its pay structure, including a narrowing of the gap in the minimum premium paid to those in higher skilled position, such as deli associates and department supervisors, over lower grade jobs. Wal-Mart will also combine its lowest three pay grades, which include cashiers, cart pushers and maintenance, into one base rate. The changes appear in part to be an effort to offset the anticipated upswing in labor costs, according to a manager who was implementing the changes at his store. “Essentially that wage compression at the upper level of the hourly associate is going to help absorb that cost of the wage increase at the lower level,” said the manager, who spoke on the condition of anonymity. Under pressure to increase pay from Walmart workers, shoppers and shareholders, the company CEO recently announced a pay raise for the company’s lowest paid workers next year.
Posted on: Wed, 24 Dec 2014 18:56:30 +0000
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