Walmart revealed Tuesday its plan to raise wages for associates.
A spokesperson for the corporation confirmed to the Washington Examiner that the new starting range for hourly employees will be $14-$19, depending on store locations, starting in February. This is a change from the current range, which is $12-$18.
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In a memo to U.S.-based Walmart associates on Tuesday, President and CEO of Walmart U.S. John Furner announced the raises.
“Weâre focused on investing in you â our store associates â through higher wages and new opportunities to gain the skills to serve tomorrowâs customers and grow a career with Walmart,” he said.
According to the memo, Walmart expects the raises to bring its U.S. average hourly wage to over $17.50.
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The corporation claims to employ “nearly 1.6 million” associates just in the U.S., per its website.
This comes as a worker shortage continues to plague several industries across the country. The U.S. Chamber of Commerce named the wave of resignations submitted as a result of the COVID-19 pandemic as one of the main contributors to the current shortage. It further notes that many people have developed a preference for remote work.
