Description: With support from CEO Doug McMillon, Wal-Mart has initiated a pay increase for its employees. Wal-Mart intends to spend $1 billion to support this pay increase, which will include increasing hourly pay to at least $9 by April and $10 by next February.
Source: Business News Network
Date: February 20, 2015
Questions for Discussion:
- Wal-Mart has traditionally been poor in supporting pay increases; why has Wal-Mart decided now to increase salaries so substantially?
- How will this substantial salary increase benefit Wal-Mart?