Lubbock Wal-Mart employees will likely benefit from the company’s announcement Thursday of bonuses, benefits and better starting pay.
With six locations in Lubbock, including its Neighborhood Market, Wal-Mart is the eighth largest employer in the city, with 1,810 employees in June 2016, according to the Lubbock Economic Development Alliance. Sam’s Club, also owned by Wal-Mart, employs 200 people in the city.
The retailer announced in a news release that because of the money saved through the recently-passed tax reform, eligible full and part-time hourly associates will receive a one-time cash bonus based on years of service.
The company will also raise the wage for hourly employees to $11 an hour. According to GlassDoor, a website that offers insight into jobs, the average cashier makes $9.37 an hour.
Parental and maternity leave, as well as financial assistance for employees adopting a child, will also be expanded for full-time associates.
Eddie McBride, president and CEO of the Lubbock Chamber of Commerce, in which local Wal-Marts are members, said he is pleased to see the tax reform package approved by Congress last month is helping not only corporations but employees as well.
“I am glad that any business in America can take this tax reform package and help their employees,” McBride said.
McBride said the chamber supported the tax reform initiative and he is optimistic that businesses will continue to make positive changes like this.
“They’re not going to do that unless they think they’ll get their money back,” McBride said.
Following the tax-reform related release, Wal-Mart also announced the closing of 63 Sam’s Club locations. The Lubbock location is not at risk, according to the local store.