Wal-Mart announced that more than 17,000 South Carolina employees, including 3,000 in Columbia area stores, have received $3.4 million in bonuses along with an annual pay raise. The raises and bonuses were included in March 9 paychecks, the company said in a press release.
“Our associates’ hard work makes the difference in our stores’ performance,” said Sean Real, regional manager of Wal-Mart’s South Carolina stores. “The quarterly bonus is one way we’re thanking our associates and sharing in the success together.”
Workers in the Columbia area will share more than $3.4 million in South Carolina cash bonuses. The bonuses come on the heels of Wal-Mart U.S. recording its strongest comp sales performance of the year, a 1.8% increase in the fourth quarter. Customer service and inventory have also improved. For the full fiscal year, U.S. associates shared more than $700 million in bonuses.
Over the past two years, Wal-Mart has invested billions of dollars in training, education and higher wages. These investments offer associates skills, knowledge and tools to help them grow with the company and provide great customer service during a time of rapid change in shopping habits. During 2016, Wal-Mart launched new training programs for entry-level associates, frontline supervisors, department managers and assistant managers, creating clearer career paths and preparing them to succeed in a new, technology-enabled age of retail.
Wal-Mart operates 121 retail units in South Carolina and has spent $730 million with local suppliers, supporting over 26,400 supplier jobs in fiscal year 2017.
The company said more than 850,000 workers in the United States will receive a share of more than $157 million in cash bonuses based on their stores’ performance in the fourth quarter.