How Wal-Mart Compensates Employees
Wal-Mart this week provided for the first time a glimpse into how it contributes to employee retirement, profit sharing and stock purchasing programs.
During the fiscal year ending Jan. 31, Wal-Mart contributed $667 million to 815,629 hourly employees in profit-sharing and 401(k) contributions, $51.4 million to 706,389 hourly employees toward the company’s associate stock purchase plan, and $397 million in discounted merchandise through a program that gives hourly associates and their family members 10 percent off merchandise at Wal-Mart, the company said.
Wal-Mart also said it awarded more than $529.8 million in bonuses earlier this year to 813,759 Wal-Mart and Sam’s Club hourly associates in the U.S. The total contributions amount to $1.1 billion in company contributions to its U.S. employees, according to the company.