Walmart, which was formerly known as Walton’s, was opened in 1945 and is one of the largest retailers today. The company has more than 11,000 stores worldwide and 2.2 million store employees. Walmart owes much of its success to the staff that keeps the stores running.
Walmart provides consumers with a wide range of products that include electronics, entertainment, home and furniture, home improvement, clothing, jewelry, toys, health and beauty, sporting goods, and more. Employee loyalty, engagement, and dedication are extremely vital to Walmart and you can see that they care about their staff through the benefits package they provide.
Walmart Employee Benefits Team
Julie Murphy, Executive Vice President of People
Julie Murphy started as an hourly associate with Walmart over 30 years ago and knows exactly what it’s like to be in the shoes of an entry-level employee. She strives to provide Walmart employees with ample opportunities for growth and ensures that they are fairly compensated in their pay and benefits packages.
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What are Walmart Employee Benefits?
Walmart’s Human Resources team has put significant thought into creating a well-rounded benefits program for employees. Here are a few key employee benefits Walmart supplies.
|Training||High class training is given to employees via Walmart Academies, providing classroom and sales floor training for leadership, communication and change management.|
|Tuition Assistance||They offer programs through their partnership with Guild Education and Live Better U to allow employees to earn debt-free, high-quality degrees.|
|Health Care Insurance||Affordable health care options are available for both part-time and full-time employees.|
|401(k) Plan||Employees can contribute to their retirement plan from the first day they start at the company.|
|Stock Purchase||Employees can participate in a stock purchase plan with company match.|
|Discount Card||The Walmart employee discount card allows 10% off fresh fruit, vegetables and regular priced merchandise at Walmart stores.|
|Paid Time Off||To allow employees to streamline their paid vacation, sick time and personal time.|
|Maternity Leave||10 weeks paid maternity leave is offered to new mothers.|
|Adoption Benefits||Supporting employees who are adopting children by offering $5000 to go towards the expenses of adopting.|
|Parental Leave||Parental benefits for legal parents where new parents can take up to 6 weeks of protected leave.|
|Associate Discount Program||Provides exclusive discounts on travel, cell phone services, entertainment and other goods.|
|Health Access||Employees have free access to nurse care managers and health care advisors.|
|Mental Health||Provided by their Resources For Living program, offering confidential counselling.|
|Short and Long Term Disability Insurance||To provide income when a disability prevents you from working.|
|Language Training and Development||Walmart offers assistance with those learning a new language.|
|Advancement||Opportunities to advance a career through the business.|
What Employee Benefits is Walmart Known for?
Walmart offers comprehensive benefits to its employees. The key benefits include:
- Health insurance plan for full-time and part-time employees. It includes Dental and Vision coverage.
- A 100% 401(k) match up to 6% of employee’s salary.
- 10 weeks of paid maternity leave. An additional 6 weeks of paid paternity leave.
- A generous paid time off policy.
- Adoption assistance with a lifetime maximum of $20,000.
- Life insurance paid by Walmart.
- Employee discounts.
Quality health insurance is valuable to any employee and Walmart ensures that it’s a benefit that is accessible to their staff members. For just $26 per pay period, employees are provided affordable health care with 100% coverage and no lifetime maximum.
Walmart also understands the importance of family and has options to cover domestic partners under their health care insurance. Health insurance plans are customizable for employees with the option to add features such as dental, vision, life insurance, accidental death and dismemberment insurance, critical illness insurance, short term and long term disability insurance, and business travel accident insurance.
After working at Walmart for one year employees are eligible for contributions to their 401K. Besides a 401(k), employees can also take part in the Associate Stock Purchase Plan.
All Walmart employees are offered products and services discounts of 10% on fruits, vegetables, and regularly priced merchandise in any Walmart store. Employees are able to share this 10% discount with spouses and dependents as well. The discount is easily claimed as each employee is provided with a discount card. The Associate Discount Center also allows for any eligible employee to take advantage of exclusive discounts on travel, cell phone services, entertainment, and other goods and services not available in Walmart stores.
It should come as no surprise why Walmart is considered to be a great employer by staff members given the generous employee benefits. These valuable benefits offer staff comprehensive compensation that results in employee satisfaction and overall happiness.
How does Walmart Help with Student Loans?
Opportunity and advancement are a significant aspect of Walmart’s employee benefits. That’s why they have teamed up with Guild Education to offer employees a student loan repayment program. This program, also known as the Live Better U program, provides staff with the chance to study degrees in business or supply chain management for just $1 a day. After employees pay their $1, Walmart will cover the costs for all other fees related to the course, including textbooks and course content.
Staff can also receive college credits by partaking in paid training programs through Walmart Academies. Education benefits are also available for GED, high school completion, language training, and professional development.
Walmart wants its employees to know that it’s serious about their education and improvement, and encourages everyone to sign up for their Live Better U program and grow. Whether you’re interested in taking a college course, earning a certificate, completing your high school diploma, or learning a language, Walmart has you covered. They understand the need for flexible schedules and provide online courses that can be taken at any time.
Many more companies plan to follow in Walmart’s footsteps. The reason is that employers that offer or want to offer student loan support understand the rewards. This will allow them to attract the best talent across the country.
One of the most efficient ways to implement the student loan benefit is through FutureFuel. The platform makes it possible for employees to pay back their student loans faster and manage the debt easily. It also enables employers to contribute to their employee’s student loans through their personalized FutureFuel accounts.
How do Walmart Employee Benefits Change for Different Jobs?
Yes, Walmart employee benefits do vary depending on the type of position a staff member holds within the company. Part-time workers, which Walmart considers as any employee that works under 32 hours a week, are not eligible for certain benefits. As a part-timer, you are not eligible to claim health insurance or take advantage of Walmart’s student loan reimbursement program with Guild Education.
While Walmart is working on converting a large number of its part-time employees to full-time positions, with 175,000 people changing job types in 2019, roughly 30% of the company’s staff are listed as part-time workers and are missing out on crucial benefits.
How Walmart Improved its Benefits Packages Overtime
Walmart is always looking to stay ahead of the competition and bring in talented new staff and, therefore, is always implementing changes to their employee benefits packages. When Doug McMillon was elected as the new Walmart CEO in 2014 he had plans to change the focus of the company by raising the hourly pay rate and improving the employee benefits.
McMillion saw the value in investing in staff so implemented these big changes:
- Raised the starting salary from $9 to $11
- Extended maternity and parental leave programs
- Created an adoption benefit that provided families who were adopting a child with $5,000 to pay for fees related to the adoption
- Revamped their education benefits and shifted company culture to encourage growth and personal development
- Started Walmart Academies to properly train staff and advance supervisors, department managers, and assistant managers
Walmart’s new initiative to make its employees more successful and support them on their journeys of growth has not only improved staff satisfaction but has increased the company’s attraction to new talent.
Are Walmart Careers Worth It?
Walmart offers a diverse community, great starting salary, and decent employee benefits packages — an opportunity to work for Walmart shouldn’t be overlooked. Walmart careers will always give staff an opportunity to grow and put a strong focus on education and personal development.
Starting salary now begins at $11 per hour for entry-level roles such as a cashier and has an average pay rate of $14 an hour, which is almost double the federal minimum wage.
If you decide to take on a Walmart career you’ll be provided with support from management to learn new skills and work your way up the leadership ladder. Many staff that started as associates or part-timers were able to build upon their knowledge and gain leadership positions with the company. Walmart has been known to promote roles within the company and loves to hire dedicated staff members.
Discover Walmart Jobs and Careers
If you’re interested in working for Walmart there are many jobs and career paths available.
Walmart Careers on ZipRecruiter
The Walmart careers page advertises almost every job position that the company has available which can make it quite the mountain to search through. Jobs are broken up into the categories of stores and clubs, corporate, healthcare, technology, and distribution centers and drivers to make things a bit easier for you. The careers page also has some great tips and information on landing a job a Walmart and explains what kind of people they are looking to hire, which, if used correctly, may give you a better shot at being hired.
If you’re more interested in a position working for Walmart’s corporate team hunting for jobs on LinkedIn may prove to be more fruitful. This site has many office-based roles available and can be a great way to break into the company at a higher level if you have the skills. Walmart is currently advertising jobs such as copywriter and manager for brand strategy through LinkedIn. Internships for design research and customer experience can also be found here.
Much like the careers site, there are a lot of jobs to search through via the Indeed website. Here you can find internships, assistant positions, and manager roles. To narrow down the options, filter the search results by experience level, job type, salary, and location. That way, you’ll increase your chances of discovering a job that fits your needs.