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
Andy Hodges was born in Annapolis, Maryland and raised in Jupiter, Florida. Andy has been a radio & TV personality since the 1980s. He has worked for WLIZ, WFLX-FOX 29, WIRK, WIXI, WKSY, WRMF, and WJNO to name a few. After spending 7 years in Atlanta, Georgia during the 1990s, Andy returned to Florida and settled in the small town of Sebastian in 2000. In 2005, he returned to the broadcasting news sector and eventually joined our news team in 2016 as editor in chief. Andy's family has lived in Sebastian for more than 45 years.