Walmart said Monday it will pay one-time bonuses of up to $1,000 to each of its more than 87,000 employees in California.
The bonuses and associated raises are worth $27.6 million and will be accompanied by expanded maternity and parental-leave benefits.
“We are building on investments we’ve been making in associates, in their wages and skills development,” said Doug McMillon, Walmart president and CEO. “It’s our people who make the difference and we appreciate how they work hard to make every day easier for busy families.”
The company said earlier this month that it planned to give out bonuses and raise starting salaries following passage of the Republican-sponsored corporate tax cuts in Congress.
Walmart said the amount of the bonus will be based on length of service, with employees having 20 years or more qualifying for the full $1,000.
The expanded parental and maternity leave policy will provide full-time hourly employees with 10 weeks of paid maternity leave and six weeks of paid parental leave.
Walmart said it will also provide financial assistance of $5,000 to employees adopting a child.
“Walmart’s continued investment in people will keep their workforce strong but will also strengthen hundreds of California communities,” said Bill Dombrowski, president and CEO of the California Retailers Association. “Walmart’s initiative will directly impact the daily lives of tens of thousands of Californians.”