Walmart store workers are getting at least an extra dollar an hour as the retail giant responds to one of the tightest job markets in history.
With the peak holiday season approaching when retailers typically hire thousands of seasonal workers, Walmart is raising the hourly wage for 565,000 in-store employees.
“Effective September 25th, front-end assistants and workgroups for food, consumables and general merchandise will receive a raise of at least $1 per hour,” Walmart CEO John Woerner wrote in a note obtained by The Post.
This is the third pay increase for store partners who will, on average, earn $16.40 an hour, Woerner added.
Walmart’s store partners in other divisions have seen similar wage hikes over the past year, including 425,000 workers in the digital and warehousing division who have earned pay raises to $13 to $19 an hour, depending on their location.
Walmart’s junior partners were promoted to roles with greater responsibility and higher pay in about seven months, according to the memo.
The company also offered $1,000 retention bonuses to warehouse workers who agreed to work during their regularly scheduled shifts this summer and increased hourly rates for other warehouse workers by $1 to $5 an hour through January 2022.
Walmart needs to catch up with some of its competitors that pay more hourly workers, experts say.
The starting wage for a Bentonville, Ark retailer is $11 an hour in some markets, where store workers earn an average of $14.61 an hour, and supply chain workers earn an average of $20.37, the Wall Street Journal reports.
By contrast, Costco recently raised the minimum hourly wage to $16, and Target and Amazon each pay at least $15 an hour.
Walmart on Wednesday announced plans to create 20,000 new permanent jobs in its warehouses and distribution centers this month.