Walmart Makes Nationwide Announcement That Will Knock Liberals to Their Knees
The effect of the positive changes that President Donald Trump has introduced are proven yet again, as another large company is distributing more money to employees as a result of the recently passed tax reform bill.
This company’s name is Walmart.
According to CNBC, Walmart employees will get the benefits of the recent tax law changes. The world’s biggest private employer rises the starter wage, introduces new benefits and distributes bonuses to hard-working employees.
The company announced an increase in the starting wage rate for hourly workers in the United States to 11 dollars per hour. They’re also expanding maternity and paternity leave benefits.
Reportedly, Walmart will also pay up to a $1,000 one-time cash bonus for eligible employees. The payments estimated to around $400 million will result in a one-time charge that the company will take near the end of this year.
According to a CNBC, a spokesman said that the amount of the bonuses will be determined by the individual time of service at the company by the employees.
Workers with 20 years of experience and more will get the full bonus of $1,000. But new workers, that have worked for the company for less than 2 years will receive a $200 bonus.
A bonus of $750 will be given to employees with 15 to 19 years of service at Walmart.
And $400 for those who had worked for the company for 10 to 14 years.
Also, employees with 2 to 4 years of experience will receive $250.
Regarding the expansion of parental and maternity leave, Walmart offers 10 weeks of paid maternity leave, and 6 weeks of paid parental leave to full-time employees. Salaried workers will also receive six weeks of paid parental leave.
Before these changes took place, full-time hourly workers received only 8 weeks of paid maternity leave and two weeks for paid parental leave.
This is not all.
Walmart is also introducing a new benefit that will provide financial aid to employees who are looking to adopt. This aid will be $5,000 per child to cover expenses such as adoption agency fees, translation fees and legal costs.
The company’s CEO Doug McMillon said in his statement :“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.”
He continued “We are early in the stages of assessing the opportunities tax reform creates for us to invest in our customers and associates and to further strengthen our business, all of which should benefit our shareholders,” adding, “However, some guiding themes are clear and consistent with how we’ve been investing — lower prices for customers, better wages and training for associates and investments in the future of our company, including in technology.”
American’s can already reap the awards from President Trump’s policies.
Nevertheless, the left will come up with yet another way to drag his good name through the mud, for sure.