RETAILERS INVESTING MILLIONS IN WORKER BONUS PAY AS CRISIS ESCALATES

Apr 21, 2020

Led by multimillion-dollar investments by Walmart and Target, an
increasing number of grocery stores and distributors, including small
independents, are investing in hazard-pay rates for employees fighting to
feed the nation as the coronavirus pandemic continues.

Stores and distributors across the nation, in the meantime, are continuing
to bolster their workforces—deemed essential services by a rising number
of state and local authorities as they escalate safety mandates to respond
to the crisis.

Retailers that are implementing bonuses or temporary increases in
pay swelled to include Walmart, Target, H-E-B, Redner’s Markets and
Brookshire Grocery Co., among others. Earlier, Amazon and its Whole
Foods Market stores said it was temporarily lifting pay for hourly workers
by $2 per hour.

Walmart is investing about $365 million to give bonuses of $300 to its
hourly workers and $150 to part-time workers, which paid out April 2nd
to hourly associates employed as of March 1. The Bentonville, Ark.-based
retailer is also accelerating distribution of its regular quarterly bonus to
store, club and supply-chain associates a month early, paying out in late
April under the assumption that it will achieve its quarterly targets. If the
company exceeds its goals, an additional bonus could be distributed at the
time initially planned to pay the first-quarter benefit in May.

Target on March 20th said it is increasing pay to hourly store and
distribution center workers by $2 per hour until at least May 2, noting the
bumps would result in pay increases of between $240 and $480 in that
period, on average.

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Source: Winsight Grocery Business

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