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Wal-Mart Employees Get a $2 Billion Pat on The Back
Wal-Mart Giving Workers $933M In Bonuses
Average Employee Bonus Equals $667
http://www.clickorlando.com/money/18973265/detail.html
Wal-Mart Employees Get a $2 Billion Pat on The Back
Chief Executive Mike Duke announced today that Wal-Mart will be giving $2 billion to its workers. It includes $933.6 million in the form of bonuses for hourly workers and another $788.8 million in profit sharing and 401k, as well as millions in merchandise discounts.
This is an annual incentive program to reward associates for their work. Last year, $1.8 billion went out. The amount is based on the success of business for the previous year. Wal-Mart gained 7.2% from its previous year.
When averaged out, each qualified employee should receive about $933.60. Wal-Mart is looking to expand their business along with its sister company, Sam's Club.
Source: www.smartmoney.com
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