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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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March 22, 2007
Wal-Mart Creates Bonus Program for Hourly Workers

Wal-Mart Stores, Inc., says it has awarded more than $529.8 million in bonuses to 813,759 of its hourly employees.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The company paid the bonuses as part of its Associate Celebration Day. The company also announced several new initiatives to recognize performance and service.

Among the new initiatives unveiled were a bonus to recognize employees who have been with the company for 20 years or more and an award program to reward associates who provide outstanding customer service.

The company employs more than 13,400 hourly associates in its stores and clubs with 20 years or more of service.

All Wal-Mart hourly full-time and part-time store associates are eligible for annual "My$hare" bonuses, which are allocated based on store performance.  The company also announced that My$hare bonuses would be distributed quarterly rather than annually, to reward performance on a more frequent basis.

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