I am an Ultra-Conservative, Alpha-Male, True Authentic Leader, Type "C" Personality, who is very active in my community; whether it is donating time, clothes or money for Project Concern or going to Common Council meetings and voicing my opinions. As a blogger, I intend to provide a different viewpoint "The way I see it!" on various world, national and local issues with a few helpful tips & tidbits sprinkled in.
Wal-Mart Giving Workers $933M In Bonuses
Average Employee Bonus Equals $667
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.