ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Walmart Announces Bonuses For Hourly Workers, Training Programs to Fill High-Demand Roles

The chain has set a goal to help fast-track Walmart and Sam's employees into approximately 100,000 in-demand jobs that it expects to fill over the next three years.
PUBLISHED JUN 11, 2024
Cover Image Source: A Walmart store in Secaucus, New Jersey | Getty Images | Photo by VIEWpress
Cover Image Source: A Walmart store in Secaucus, New Jersey | Getty Images | Photo by VIEWpress

Walmart recently announced its new training programs and certifications to fill high-demand roles across its business such as HVAC technicians, opticians, and software engineers. The retail giant added that it will also offer a bonus of up to $1,000 per year, another reason for hourly store workers to stick around.

The nation's largest private employer is reimagining its Live Better U (LBU), which is an employee education benefit to focus on skills that will make its employees more desirable for key roles within the company. The chain has set a goal to help fast-track Walmart and Sam's employees into approximately 100,000 in-demand jobs that it expects to fill over the next three years.



 

"We’re also focused on helping associates develop the skills to move into roles in technology, health & wellness, our private fleet of truck drivers, and other growing parts of our company," said Lorraine Stomski, senior VP, of associate learning & leadership, at Walmart. Walmart has now doubled the number of short-form certificates and courses it offers to more than 50 options. 

"Associates are telling us they want shorter options, and for good reason," said Stromski. "Our associates complete short-form certificates in just four months, on average. The quicker they learn new skills, the faster they can move up." As per the company, the average hourly wage is around $18, up by about 30% over the past five years, and yet the retail giant often gets heat for its wages. These new programs will ensure that the employees can move into higher-paying jobs, as announced by the company. 

Walmart will be piloting a six-month training program in the Dallas-Fort Worth area with 100 store and warehouse associates who want to work in skilled trades. This will include technician roles, refrigeration, maintenance as well as HVAC, as per Lo Stomski, the company’s chief talent officer. These trade jobs are set to pay between $19 and $45 per hour. Other certifications include frontline manager leadership, people and business leadership, data science, software development, and project management. 

A sign hangs outside Walmart store on January 11, 2018 in Chicago, Illinois. Image Source: Getty Images|Photo by Scott Olson
A sign hangs outside a Walmart store in Chicago, Illinois. Image Source: Getty Images | Photo by Scott Olson

"We want associates to have ultimate flexibility and control over their career, so we’re making it easy for them to earn college credit simply by attending training," Stomski said about the certifications via Chain Storage. This initiative was inspired by another program that was launched to fill in another high-paying role: truck drivers. Workers who want to participate need not existing Walmart employees. Walmart also said that they have increased the number of skills certificates that it offers to more than 50, which is way more than what it was offering back in 2020.



 

These certifications can help employees move into leadership roles in stores, clubs as well as supply chain facilities. The announcements came at Walmart's event which was held virtually last Wednesday. On Friday, Walmart is set to throw its annual associates celebration, a combination of a pep rally and an employee awards program that draws thousands of workers from across the globe and features surprise celebrity appearances and musical performances, which will be held in its hometown of Bentonville, Arkansas.

RELATED TOPICS WALMART
MORE ON MARKET REALIST
The counties with the most expensive housing are located in the West.
20 hours ago
The President recently signed an order barring corporations from buying single family homes.
1 day ago
If consumed the product could prove fatal for those with a peanut allergy.
1 day ago
She missed out on the car by just one number, which must have been painful.
1 day ago
Regional grocers had a fantastic performance as they took the top three spots in the rankings.
1 day ago
They wished to remain anonymous and took some time to seek financial and legal advice.
1 day ago
Increased consumer spending, exports, government expenditure, and investment drove the U.S. economy's 2.5% annualized growth rate.
2 days ago
"The A was a good guess but the B or the O could be used. Q is a rare letter but not frequently used here," a fan reacted.
2 days ago
She had a good feeling about the item when she saw it but she wasn't sure of its value.
2 days ago
The overhaul comes as a direct result of the Trump administration's aggressive budget cuts.
2 days ago
She did not put a foot wrong in her performance which left fans and the cast impressed.
2 days ago
He also credited US President Donald Trump for his vision of re-industrialization with AI.
2 days ago
His comments were made in response to a Danish pensioner pulling their investment from the US.
3 days ago
This ruling reflects growing trade tensions between the US and Europe amidst the Greenland crisis.
3 days ago
She did not win much but it would have been better than going home empty-handed.
3 days ago
Brian Moynihan told Fox that a number of factors will contribute to the US GDP growth.
3 days ago
The President has a desire to take control of Greenland, threatening allies with tariffs.
3 days ago
It seems like the people of Denmark are replying to the US by using their own tactics.
3 days ago