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Wal-Mart Unveils Employee Initiatives, Bonus Plan

Thursday, 22 Mar 2007 | 6:52 AM ET
CNBC.com

Wal-MartStores on Thursday announced several new initiatives to recognize performance and service among its employees.

Among the new initiatives was a bonus plan to recognize store and club associates who have been with the company for 20 years or more, and an award program to reward employees who provide outstanding customer service.

The retailer said it employs more than 13,400 hourly workers with 20 years or more of service.

All Wal-Mart hourly full- and part-time store employees are eligible for annual "My$hare" bonuses, which are allocated based on store performance. The company said these bonuses will now be distributed quarterly.

Union-backed groups like WakeUpWalMart.com and Wal-Mart Watch have launched grass-roots campaigns to draw attention to what they regard as poverty-level wages, inadequate health-care benefits and other issues at Wal-Mart.

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