The move could help Walmart retain employees amid rising COVID-19 vaccinations and loosening restrictions, but its reluctance to raise its starting salary to above $ 11 an hour – even as competitors turn to $ 15 or more – leaving employees and labor advocates alike.
Walmart Inc. it said it would shift more of the US workforce to full-time status, the latest move by the nation’s largest private company to retain employees.
The world’s largest retailer says it expects two-thirds of all hourly jobs in the US to be full-time by the end of the fiscal year ending January 2022, which would add about 100,000 additional positions. full time compared with five years ago. . The company said in a blog post Wednesday that these roles will have a consistent schedule from week to week, responding to common worker complaints.
This move could help Walmart retain employees amid accelerating vaccinations and easing restrictions. Walmart ran a hiring last year, bringing in half a million people to deal with increased demand in its stores and online. But their reluctance to raise their starting salaries above $ 11 now an hour – even as rivals like Target Corp. and Costco Wholesale Corp. shift to $ 15 or more – which has given employees and labor advocates equal ratings.
“Having full-time associates has never been more important than right now,” said Drew Holler, America’s Senior Vice President of American Operations, in a blog post. “That’s why we offer full-time associates, consistent schedules, with the same hours on the same days every week.”
Walmart considers any employee working full-time for 34 hours or more, even though anyone who works 30 hours a week or more is eligible for health coverage. More than 80% of their warehouse workers were working full-time, it said.
A recently published Labor Department report on employment and revenue shows available positions in the US hit a two-year high of 7.37 million in February. However, firms say they are having difficulty finding workers for these positions because of pandemic-related issues such as child care and health concerns.
Walmart’s move is also part of a broader overhaul to the 1.5 million US workforce, leading to the elimination of several roles and creating a new group-based structure in stores. where groups of 8 to 12 partners work together. missons. The new paradigm, optimistically dubbed the “Great Workplace”, also includes more training and support for lower-level workers, who will take on more responsibility.
Although Walmart has not changed its starting salary since 2018, it does offer new benefits to employees. In recent years, they have implemented a more generous parental leave policy, offering college tuition of $ 1 a day and loosening dress code for workers to wear jeans.