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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 Employees Get a $2 Billion Pat on The Back

retail, Wal-Mart

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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