Wal-Mart is no longer paying associates minimum wage and has instituted a new pay floor of $9 per hour.
By Feb. 1, 2016, that will be increased to $10 an hour, said a Wal-Mart release. The news will affect some 500,000 full- and part-time workers.
The current federal minimum wage stands at $7.25.
It also promised workers “more control over their new schedules” and a new training program to help entry-level workers advance their careers.
The news came after the retail giant was hit by protests that took aim at its pay and scheduling for workers.
“Sam Walton knew that an inspired, dedicated team of associates was the way to exceed our customers’ expectations,” said Wal-Mart Stores president and CEO Doug McMillon in a statement. “He often said ‘Our people make the difference.’ I feel a big responsibility to carry on what that phrase represents: the care and commitment that Sam had for Wal-Mart associates.”
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