Employee Benefits

Walmart Boosts Starting Wages by 17% in Attempt to Attract and Retain Talent

UPDATED ON
February 3, 2023
Mackenzie Bennett
Print Friendly and PDF

Following a spike in inflation last year and a growing demand for workers, Walmart—one of the largest employers in the country—is increasing entry wages by 17%.

The big-box supplier said the wage boost is designed to ensure competitive pay in attracting and retaining talent in the rural and semi-rural areas in which the company operates.

For instance, starting pay for new employees might reach $19 depending on the specific store location.  

According to a report from Reuters, about 340,000 workers in 3,000 stores would be eligible for a pay increase per the wage hike.  To read the complete article, click here.

Looking for more exclusive content? See what’s trending on the Mployer Advisor blog.  


Want more insights on how your employee benefitscompare to companies in your region, industry, and similaremployer size?
Download Your Custom Benefits Report Now

Next Up

401ks from the Employee Perspective - Savings & Contribution Benchmarking
Too often, misconceptions can lead employees to put off or minimize retirement savings in the near term, without realizing the impact those delays and that underinvestment will have in the long run, which can have negative consequences for employees later in their careers as they try to make up lost ground. 
The Market Employment Summary for March 2024
Each month, Mployer Advisor breaks down the Bureau of Labor Statistics’ most recent State Employment and Unemployment Summary to highlight some employment trends across various markets. This is an overview of March’s report. 
How Does Your 401k Offering Stack Up To Other Employers?
Given their prominent position that 401ks hold in the context of modern workforce management, a closer look at some of the surrounding issues can help ensure that your organization’s offerings remain viable relative to the other employers with which you are competing for talent.