Wal-Mart ‘Freeze’

We hear that the nation’s largest retailer, Bentonville-based Wal-Mart Inc., has set a minimum and maximum salary range.
The new pay minimums, which were bumped 6 percent, went into effect in May across the Tulsa district.
The policy is to keep salaries competitive, said John Smiley, spokesman.
The average wage for regular, full-time hourly associates in Oklahoma is $9.57 per hour at Wal-Mart Discount Stores, Supercenters and Neighborhood Markets, according to the company Web site.
Additionally, associates are eligible for performance-based bonuses.
At the end of July, the retailer set a maximum pay, he said.
“We wanted to create a constant pay plan within each market,” Smiley said.
The move to raise starting pay at Wal-Mart impacts about 10 percent of the workforce — or 120,000 employees, Smiley said.
“They were affected by being below the (new) starting minimum,” he said. “Of course, everyone’s pay above them is adjusted.”
The pay ceiling will affect about 3 percent.
“They will not take a pay cut, but their salaries will be ‘frozen,” he said.
The retail behemoth is the last major retailer to create a maximum pay scale, he said.
“All the other retailers — Target, Sears, J.C. Penney, Kmart, Dollar General — have instituted that,” he said.



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