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 grew up in Jupiter, Florida where he began his career in radio and TV broadcasting for over 12 years. He would make a career change to computer programming. Andy spent seven years working for tech companies in Atlanta before moving to Indian River County in 2002. He returned to the news sector in 2005 as a writer. Andy joined Sebastian Daily in 2016 as our editor in chief.