Wal-Mart said they are increasing the salary of their hourly employees to boost their morale.Md Noman Siddique (Author) Published Date : Feb 19, 2015 23:18 ET
In a statement on Wednesday Wal-Mart Stores Inc. said, they are increasing the salary of their hourly employees to $ 9 per hour, which is $1.75 per hour above the Federal requirement.
In an interview with CNBC Wal-Mart CEO Doug McMillon said, he thinks that this will improve the morale of the employees. He said, We make wage adjustments all the time. We just decided this is a really good moment to be more bold. Right now we want to make sure everybody is crystal clear how vital our store experience is to our future .
In another statement one of the advocacy group for Wal-Mart workers said, the retailer can do more to support the employees and their families. Wal-Mart had decided to increase the hourly pay of more than 500,000 workers over the next year. The company said the employees will make $9 per hour by April and it will rise to $10 per hour by next February.
In another statement Emily Wells, a worker for Wal-Mart and a member of Union backed group Our Walmart said, It s still tough to make ends meet with her part-time schedule and $9.50 wage . In the statement she added, As a soon-to-be-mom making only $9.50 an hour, it's very difficult to make ends meet with my part time schedule, which gives me only about 26 hours per week. Especially without a guarantee of getting regular hours, this announcement still falls short of what American workers need to support our families . The statement also stated, With $16 billion in profits and $150 billion in wealth for the owners, Walmart can afford to provide the good jobs that Americans need and that means $15 an hour, full-time, consistent hours and respect for our hard work .
But Wells still acknowledges that Wal-Mart is taking the steps in the right direction and delighted that they worked together to raise the salary. She said, We are so proud that by standing together we won raises for 500,000 Walmart workers, whose families desperately need better pay and regular hours from the company we make billions for. We know that this wouldn't have happened without our work to stand together with hundreds of thousands of supporters to change the country's largest employer .
Wal-Mart said they are increasing the salary of their hourly employees to boost their morale.