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
This will be damning for the DHS, which is already under immense pressure from the public.
5 hours ago
Experts believe that it has to do with getting a sense of momentary control.
7 hours ago
It seemed like the contestant was heading towards defeat, but his luck soon turned around.
7 hours ago
The company says it has taken action to protect its rights as an importer to seek duty refunds.
10 hours ago
The payout was driven by the company’s financial strength and strong underwriting performance.
10 hours ago
Trump made this claim during his lengthy State Of The Union address earlier.
11 hours ago
Research predicted that in the consumer sector, "AI personalization strategists" and "AI supply-chain analysts" jobs are expected to emerge.
13 hours ago
The product might contain germs as the pasteurization process was not done properly due to a equipment troubleshooting error
1 day ago
The contestant came as close as possible to winning big, but had her heart broken in the end.
1 day ago
Trump failed to address the affordability issue that voters care most about.
1 day ago
He said that society is not quite ready for the pace at which AI is currently displacing workers.
1 day ago
The recall affected products that were sold to customers in four states and in Canada.
1 day ago
Those opposed to the changes believe Trump is politicizing the health of children.
1 day ago
Bessent said that the proposition would be rolled out “in the coming weeks and months,” as a tool for working-class Americans left behind.
1 day ago
“It’s a bad idea. We are very alarmed,” a financial source stated about the proposed move.
1 day ago
A post on X could move trillions of dollars due to the power that retail investors hold
2 days ago
Despite a poor start, the contestant came close to winning the big prize.
2 days ago
The retailer had to face big losses as customers abused the no questions asked return policy.
2 days ago
The President is reportedly looking to pass tax breaks using reconciliation.
2 days ago
"Monetary policymakers would face tradeoffs between unemployment and inflation," Fed governor said.
2 days ago