All articles tagged with #hourly workers
More than 47,000 GM hourly workers will receive a $10,500 profit-sharing payout for 2025 under the UAW contract, a lower amount than in 2024, despite GM posting $12.7 billion in EBIT-adjusted earnings for the year and a $3.3 billion fourth-quarter loss.
Walmart announced a bonus program for 700,000 U.S. hourly store workers, including those in pharmacy and Vision Center stores, offering up to $1,000 annually based on performance. This move aims to boost wages and reduce turnover amid a tight labor market. The announcement came before Walmart's annual general meeting, where shareholders voted on proposals including one for a compensation policy ensuring a living wage. Walmart also introduced a certification program to help workers transition to higher-paying technician roles.
Walmart announced that it will offer bonuses to its full- and part-time hourly employees in the U.S., rewarding great work and customer service, with a maximum bonus potential of $1,000 for long-term associates. The bonuses are part of Walmart's efforts to remain competitive on wages, with hourly pay having increased by 30% over the past five years.
The impact of AI on hourly, shift-based workers in industries like healthcare, hospitality, retail, and manufacturing is uncertain, with 70% of shift workers expecting changes to their jobs. While some experts believe AI will lead to disruption and upskilling opportunities, others see it as a tool for productivity enhancement. Hourly workers are seeking technology solutions to streamline their workflow, and there's a growing need for upskilling to match evolving job responsibilities. With a tight global job market and high turnover in shift work, the future of hourly workers and the impact of AI on their jobs remains uncertain.
Walmart, America's largest private employer, is increasing the average salary for store managers by 9.4% and offering bonuses up to 200% of base salary based on store sales and profit. The planned pay increases in February will raise the U.S. average hourly wage for Walmart's approximately 1 million hourly workers to more than $18.00. Walmart CEO Doug McMillon noted dropping prices across categories and an ambiguous sales outlook for 2024, despite signs of firm consumer spending.