Walmart testing higher minimum wage for some employees

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FILE PHOTO: A man passes in front a “bodegon” named “Mini Walmart” in Puerto Cabello, Venezuela December 10, 2019. Picture taken December 10, 2019. REUTERS/Manaure Quintero

(Reuters) – Walmart Inc (WMT.N) is testing a higher starting wage for certain newly created jobs in about 500 U.S. stores, as it looks to improve in-store experience for customers amid intense competition.

The company would offer team associates, a role it recently created, a starting wage of $12 an hour, Walmart spokeswoman Jami Lamontagne said.

That compares with Walmart’s minimum wage of $11 at its more than 5,000 stores across the United States.

The team associates would be cross-trained in several functions and will have more responsibility, Lamontagne said.

The big-box retailer last raised its entry-level wages for U.S. hourly employees to $11 in early 2018 and trails rivals, including Costco Wholesale Corp (COST.O), Amazon Inc (AMZN.O) and Target Corp (TGT.N) on the minimum wage front.

Reporting by Praveen Paramasivam in Bengaluru and Nandita Bose in Washington; Editing by Arun Koyyur and Shounak Dasgupta

This post was originally posted on Reuters: Business News – View Original Article

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Have lived and invested in Venezuela full time for the last eight years and visited for each of twelve years prior to that. Studied and closely followed developments in Venezuela since 1996.