Sebastian, Vero Beach Walmart Raising Minimum Wage To $11

Walmart expected to increase minimum wage from $10 to $11 in Sebastian and Vero Beach.
Walmart expected to increase minimum wage from $10 to $11 in Sebastian and Vero Beach.

SEBASTIAN – Walmart stores in Sebastian, Vero Beach, and across the nation will soon boost its starting hourly wage to $11 and deliver bonuses to employees, according to a company announcement.

Wal-Mart Stores Inc. is capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The pay increase will begin next month and will cost $300 million on top of wage hikes that were already planned at the company.

The bonuses are one-time, up to $1,000, and are based on seniority. Walmart is also expanding its maternity and parental leave policy and adding an adoption benefit.

“Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.

In the past, the Bentonville, Arkansas-based retailer raised starting wages to $9 in 2015 and then $10 for most workers the following year.

Indian River County’s unemployment rate has also plummeted from 6.4 percent in Jan. 2015 to 4.1 percent in Sept. 2017.

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About Andy Hodges 2867 Articles
Andy Hodges was born in Annapolis, Maryland, and raised in Jupiter, Florida. He has been a radio and TV personality since the mid-1980s. He has worked for WFLX-TV (Fox 29), WIRK, WLIZ, WIXI, WKSY, WRMF, and others. In 1994, Andy took a break from broadcasting and was a software and systems engineer for various companies. In 2002, he permanently moved back to Sebastian, where Andy's family has lived for over 45 years. He returned to the broadcasting sector in 2005. Andy joined Sebastian Daily as our editor-in-chief in 2016.