Reportedly, Walmart Stores, Inc. (WMT) announced an increase in the average pay of pharmacy workers to more than $20 per hour and offer more frequent and automatic pay raises as part of a new “progressive wage model” to address the rising concern of a tight domestic labor market.
The raises will be offered to more than 36,000 Walmart and Sam’s Club pharmacy technicians. However, the starting pay will remain the same ranging from $15 to $22.50, with certified technicians starting at $16.50 and higher. The announcement marks the second pay increase over the past year for Walmart technicians, who last received hikes of at least $1 to their base pay in August 2021.
The retail giant also announced that it would hire about 5,000 additional pharmacy technicians this year, and plans to offer more frequent and automatic pay hikes to pharmacy technicians as part of the new wage model.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
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