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 veteran TV personality has been on the show for over 40 years and has met countless celebrities.
12 hours ago
The guest who made an under $3,000 investment was blown away by the massive appraisal.
13 hours ago
The former contestants shared how things went and their personal interaction from the green room.
15 hours ago
The creator’s concern was that the bread retained its original shape despite being crushed.
16 hours ago
The books were written and signed by one of the most controversial kings in British history.
18 hours ago
While the founder of "Pinblock" got a deal, the terms weren't ideal for him.
1 day ago
As per the expert, the necklace was made in around 1905 and was from the Edwardian era.
1 day ago
The guest who paid $580 for the item was blown away by the 30x appraisal.
1 day ago
The guest believed that the portrait was worth somewhere around $500 and was shocked later on.
1 day ago
Fans were not happy about showcasing a loss on YouTube and social media.
2 days ago
The entrepreneurs even got a couple of sharks to lie down, and they loved the experience.
2 days ago
Herjavec loved the product and understood its potential even when most of his colleagues didn't.
2 days ago
Phil Collen and his band need no introduction as they are considered legends in their genre.
2 days ago
The original version has been ruling TV screens and hearts for decades now.
2 days ago
The guest said that his daughter had purchased them at an estate auction for around $300.
3 days ago
The name inadvertently came from an executive and became iconic for decades.
3 days ago
Culkin has been a clue on the game a whopping 42 times since he was a child star.
4 days ago
The guest was happy with the valuation, and fans got to learn a cool story about a big guitar brand.
4 days ago
The idea of owning human remains, no matter how old, was not something Harrison was a fan of.
4 days ago
The fumble is considered the most epic one on the show in decades of his history.
4 days ago