Walmart will raise its minimum hourly wage to $14 for employees at its U.S. stores beginning next month, according to multiple reports.
Store employees will make between $14 and $19 per hour starting in early March. Those employees currently make between $12 and $18 per hour, Walmart spokesperson Anne Hatfield told CNBC.
In addition to regular annual pay increases for associates, the company will make “targeted investments in starting rates for thousands of stores, to ensure we have attractive pay in the markets we operate,” John Furner, president and CEO of Walmart U.S., said in a note to employees. He said the company expects its average hourly wage in the U.S. to pass $17.50 as a result of the increases.
