Walmart (NYSE: WMT) announced today, Oct. 29, that 25,000 of its roughly 1.3 million workers will receive promotions by the end of January. The move is an effort to foster economic security and opportunity among associates just as the busy holiday shopping season gets underway.
On-the-spot surprise promotions began today for Walmart staffers at ceremonies in several markets including New Jersey, Atlanta and Denver. Promotions will affect employees in both hourly and management positions and will come with higher pay and increased responsibilities. The mostly hourly workers will advance to different jobs, including store management positions. Senior executives will visit Walmart locations nationwide to personally applaud and recognize outstanding associates.
"Our success from day one is a direct result of our associates and the hard work they do in taking care of our customers. We are proud to provide our people with additional opportunities for career growth and greater economic security for their families," said Bill Simon, Walmart U.S. president and CEO, reports Chain Store Age.
The promotions bring Walmart's annual tally to more than 160,000 promotions this year, nearly the same as last year. The move is in addition to Walmart's announcement in September that it would move 35,000 workers from temporary to part-time status and another 35,000 from part time to full time by year-end.
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-This Chain Store Age article
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