Wal-Mart Issues Cash Bonuses To 900,000 Hourly Associates To Reward Performance - Walmart (NYSE:WMT)

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Wal-Mart Stores, Inc. (NYSE: WMT) awarded over $200 million in cash bonuses to over 900,000 hourly associates in the United States to reward their performances in the second quarter. The move aims at enhancing the store experience for its customers.

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The retailer indicated the evolved incentive plan was meant to reward associates if their stores met performance criteria beyond the customer service goals. The company indicated that an associate could earn the bonus four times in a year.

Wal-Mart's executive vice president of supercenters in the United States, Mike Moore, commented, "Whether it's buying something for their kids, treating themselves or saving for something great, bonus time at Walmart is always a special time for our associates."

Last year, the retailer disclosed $2.7 billion investment on its associates over a two-year period. This included higher wages, training and education. While indicating that the second-quarter bonus is not part of the $2.7 billion investment plan, the company said that over 1.2 million associates got pay increases.

The stock traded flat on the day at time of publication.

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