Walmart New Rules For Employees
Apr 30, 2018 - Walmart has faced a lot of criticism over the salaries and benefits it pays employees, but it has also raised its. With over 1.5 million employees in the United States, Walmart (NYSE: WMT) often finds itself in the. The Motley Fool has a disclosure policy. New Dark Chocolate Oreo cookies coming in 2019.
Walmart New Rules For Employees 2017
Has raised salaries for entry-level managers before a rule change that extends mandatory overtime pay to more than 4 million U.S. Workers, in an attempt to shield itself from unpredictable additional costs for salaried employees. Wal-Mart raised salaries from $47,476 to $48,500 annually for employees including store management, spokesman Randy Hargrove said on Tuesday. The retailer did not break out the number of employees who received the raise. The new Obama administration rule, set to take effect Dec. 1, will require employers to pay overtime to salaried workers earning less than $47,500 a year, double the current threshold of $23,660. 'We think the starting rate of $48,500 a year.